Hello Traders,
Let’s hit the charts…
1. XAU/USD (GOLD)
Gold is breaking through all the important resistance levels, and it’s currently testing resistance level 1324.45.
If a breakout is confirmed, price may most likely hit the next possible resistance level (1346.37), if not, we may also see a reversal of price to support level 1303.34.
2. EUR/CHF
EUR/CHF is currently testing support level 1.11595.
This is the 4th time price is visiting this consolidation band and in my opinion, the band is growing weak.
If a breakout is confirmed, we may see price spiraling down to the next possible support level (1.08363) which is about +300 pips.
Wishing you a pip-full day ahead.
