Article By RoboForex.com
GOLD
On H4, the yellow metal is trading near the resistance and is forming reversal patters, such as harami, engulfing patters, and doji. By analyzing the previous moves, one can assume the gold may start forming a new uptrend after rangebound trading.
NZDUSD
On H4, the pair is rising, making some insignificant pullbacks and forming such reversal patterns as harami and the engulfing pattern. The price has reached the current resistance, and may make another pullback before continuing the ascending trend.
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.