What happened? Gold was just above $1 800, now - back down below?
USD/CHF: price to test nearest support
Information is not investment advice
The market has been rising since the last 'Pennant' pattern formed. However, there's a 'V-Top' pattern, which has been confirmed. Thus, it's likely to have a local downward correction towards the nearest support at 1.0098 - 0.0083. If a pullback from these levels happens next, there'll be a moment for another decline. In this case, we should watch the closest resistance at 1.0169 - 1.0190 as a potential bullish target.