Gold: trade the lower drift
How do we trade the gold price? It seems to be losing the upside momentum - no problem for bears!
USD/CHF: bearish 'Shooting Star' pattern
Information is not investment advice
There's a bearish 'Shooting Star', which led to the beginning of the current downward correction. Moreover, we've got a 'Tweezers' pattern, which has been confirmed. Thus, it's likely that the market is going to test the next support at 1.0010 by the lower 'Window'. The subsequent pullback from this level could lead to an upward correction towards the nearest resistance at 1.0145.
Galya Svetlova
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