{"id":166583,"date":"2020-03-16T10:45:50","date_gmt":"2020-03-16T14:45:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166583"},"modified":"2020-03-16T09:02:53","modified_gmt":"2020-03-16T13:02:53","slug":"fibonacci-retracements-analysis-16-03-2020-gold-usdchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/fibonacci-retracements-analysis-16-03-2020-gold-usdchf\/","title":{"rendered":"Fibonacci Retracements Analysis 16.03.2020 (GOLD, USDCHF)"},"content":{"rendered":"
March 16, 2020<\/div>
\r\n<\/div><\/div>

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

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

As we can see in the daily chart, the divergence made the pair reverse to the downside after reaching 76.0% fibo at 1708.10. Right now, XAUUSD is getting closer to 38.2% fibo at 1496.50, which is a long-term support level not far from 50.0% fibo at 1482.50. After reaching and breaking this area, the price may continue falling towards 50.0% and 61.8% fibo at 1431.95 and 1367.80 respectively. The resistance is the high at 1703.17.<\/p>\n

\"GOLD_D1\"
\n\"Risk<\/p>\n

In the H1 chart, there was a local convergence that made the pair start a rising pullback, which has almost reached 38.2% fibo at 1580.40 and may later continue towards 50.05% fibo at 1604.05. If the price breaks the low at 1504.30, the mid-term decline may continue.<\/p>\n

\"GOLD_H1\"
\n\"Risk<\/p>\n

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

As we can see in the weekly chart, the divergence made the pair start a long-term bearish trend, which is heading towards 38.2% and 50.0% fibo at 0.9093 and 0.8708 respectively. The resistance is the high at 1.0344.<\/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

\"USDCHF_W1\"
\n\"Risk<\/p>\n

In the H4 chart, after forming a quick descending wave and trying to reach 38.2% fibo at 0.9093, the pair is correcting and has already reached 50.0% fibo. Later, the pair may grow towards 61.8% at 0.9593. After completing the pullback, the instrument is expected to resume falling towards the low at 0.9176 or even deeper.<\/p>\n

\"USDCHF_H4\"<\/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 XAUUSD, \u201cGold vs US Dollar\u201d As we can see in the daily chart, the divergence made the pair reverse to the downside after reaching 76.0% fibo at 1708.10. Right now, XAUUSD is getting closer to 38.2% fibo at 1496.50, which is a long-term support level not far from 50.0% fibo at 1482.50. […]<\/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-166583","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166583","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=166583"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166583\/revisions"}],"predecessor-version":[{"id":166587,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166583\/revisions\/166587"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}