Article By RoboForex.com
GOLD
On H4, the gold is forming reversal patterns, such as hammer, inverted hammer, and harami, after reaching the support. By analyzing the previous moves, one can assume the metal may bounce off and start forming a new uptrend after such a correction.
NZDUSD
On H4, the NZDUSD is still forming an uptrend. Currently, the price is correcting and forming such reversal patterns as hammer and inverted hammer. By analyzing the previous moves, one can assume this is a correction before the ascending move continuation.
Article By RoboForex.com
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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.