Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
In the H4 chart, after finishing the correctional downtrend, XAUUSD is trying to form the second wave to the upside. Convergence on MACD is another signal that the correction is over. In this case, the next upside targets may be 61.8% and 76.0% fibo at 1908.00 and 1969.50 respectively. The key support is at 1721.65.
As we can see in the H1 chart, the first rising wave after convergence on MACD has reached 50.0% fibo and may later continue towards 61.8% and 76.0% fibo at 1829.35 and 1847.30 respectively. The key upside target is the current high at 1877.09, while the support is at 1752.50.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, the asset is forming a wide sideways channel. After testing 61.8% fibo several times, the price has failed to reach 76.0% fibo at 0.9154. The pair’s future movement depends on a breakout of either support or resistance at 0.9085 and 0.9374 respectively.
In the H1 chart, after growing and reaching 61.8% fibo, USDCHF is falling towards the low at 0.9157. At the same time, there is convergence on MACD, which may hint at a reversal and a new growth to reach 76.0% fibo at 0.9322.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- China has shifted to using its own strategic oil reserves Jun 9, 2026
- GBP/USD Remains Under Pressure Despite Attempts to Recover Jun 9, 2026
- SpaceX IPO: Set for $75 billion liftoff Jun 8, 2026
- On Friday, the American stock market experienced one of the strongest crashes in recent times Jun 8, 2026
- EUR/USD at April Lows: What’s Next for the Pair? Jun 8, 2026
- The ceasefire between Israel and Lebanon has reduced the geopolitical premium Jun 5, 2026
- EUR/USD: All Eyes on Non-Farm Payrolls Jun 5, 2026
- The escalation of the conflict in the Middle East put pressure on US and European stock indices Jun 4, 2026
- Gold Remains Under Pressure, but a Rebound Is Still Possible Jun 4, 2026
- Bitcoin drops below the psychological $70,000 level. The US stock indices hit new record highs Jun 3, 2026
