{"id":110163,"date":"2017-08-02T06:42:09","date_gmt":"2017-08-02T10:42:09","guid":{"rendered":"http:\/\/countingpips.com\/?p=110163"},"modified":"2017-08-02T05:43:01","modified_gmt":"2017-08-02T09:43:01","slug":"fibonacci-retracements-analysis-02-08-2017-gold-usdchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/fibonacci-retracements-analysis-02-08-2017-gold-usdchf\/","title":{"rendered":"Fibonacci Retracements Analysis 02.08.2017 (GOLD, USD\/CHF)"},"content":{"rendered":"
August 2, 2017<\/div>
\r\n<\/div><\/div>

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

XAU USD, \u201cGold vs US Dollar\u201d<\/strong><\/p>\n

As we can see at the H4 chart, Gold is forming the divergence, which means that it may reverse or start a new correction. The first target of the descending correction may be the retracement of 23.6% at 1257.94. The next targets may be the retracements of 38.2% and 60% at 1247.81 and 1239.46 respectively. If the instrument breaks the current high at 1274.12, \u201cbulls\u201d may push the price towards the retracement of 261.8% at 1283.87.<\/p>\n

\"\"<\/p>\n

At the H1 chart, the pair formed the divergence to confirm a possible descending correction. The main targets of the correction may be the retracements of 38.2% and 50% at 1262.20 and 1258.60 respectively.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

USD CHF, \u201cUS Dollar vs Swiss Franc\u201d<\/strong><\/p>\n

At the H4 chart, the USD\/CHF pair completed the correction with the target at the retracement of 23.6%. However, the price may yet continue growing, that\u2019s why the next upside targets may be the retracements of 50% and 61.8% at 0.9766 and 0.9844 respectively.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\"\"<\/p>\n

As we can see at the H1 chart, the pair was corrected to the downside by 38.2%. The next target is the retracement of 50% at 0.9611. After completing the correction, the price may resume moving upwards to reach the local high at 0.9724, break it, and then grow towards the retracement of 161.8% at 0.9797.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

RoboForex Analytical Department<\/strong><\/p>\n

<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com XAU USD, \u201cGold vs US Dollar\u201d As we can see at the H4 chart, Gold is forming the divergence, which means that it may reverse or start a new correction. The first target of the descending correction may be the retracement of 23.6% at 1257.94. The next targets may be the retracements […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-110163","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=110163"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110163\/revisions"}],"predecessor-version":[{"id":110164,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110163\/revisions\/110164"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}