USD/CHF may rise a bit
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
XAU/USD formed a bearish pattern
Information is not investment advice
XAU/USD, also known as spot gold, rose to the 1,440 area - the same zone that stopped its advance last week. On D1, there’s a “shooting star” candlestick that points at the bearish correction. A decline below the 50-period MA at 1,409.50 will open the way down to the key support at 1,400. The return above 1,420 is needed to let the price retest the recent highs.
Elizabeth Belugina
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USD/CHF may rise a bit
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
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