Article By RoboForex.com
GOLD
On H4, gold is moving inside a correctional range after hitting 23.60% Fibo. The primary 50% impulse has been corrected, and the price may now head to 61.80 at $1,180.80. After hitting the current high at $1,214.28, the price may correct upwards to 38.20%, or $1,238.40, and 50.00%, or $1262.50.
On H1, gold is moving down, heading towards 50.00%% ($1187.25) and 61.80% ($1,180.80).
USD/CHF
On H4, the USD/CHF is downtrending and approaching 61.80% Fibo (0.9525). Meanwhile, the convergence is forming, which mean the price may pull back to 23.60% (0.9648), 38.20% (0.9712), and 50.00% (0.9764), the support being at 0.9543.
Free Reports:
On H1, the price has tested the post correctional extension at 138.20%-161.80% (0.9560-0.9537) with a new downtrend impulse, and may now get back to test it once more.
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.