Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the pair is quickly trading upwards to update the high at 1346.68. Right now, XAUUSD is getting closer to the retracements of 61.8% at 1315.80.the next upside target may be the retracement of 76.0% at 1327.35. The support is at 1266.23.
In the H1 chart, the pair is rising steadily. The closest target is the retracement of 61.8% at 1315.80. The support level is the retracement of 38.2% at 1297.00.
USDCHF, “US Dollar vs Swiss Franc”
In case of the USDCHF, the after reaching the long-term retracement of 23.6%, USDCHF is trading close to 1.0000. The next downside target may be the retracement of 38.2% at 0.9836. At the same time, there is a convergence on MACD, which may indicate a possible pullback.
Free Reports:
In the H1 chart, the pair is starting a new short-term rising correction. The upside targets may be the retracements of 23.6%, 38.2%, and 50.0% at 1.0002, 1.0020, and 1.0035 respectively. The local support is the low at 0.9972.
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.