Hello Traders,
How did your trading go?
Hope great?
Let’s see what the charts have for us this Thursday.
1. USD/CHF
USD/CHF has finally broken out of a key support level (0.96629) that has held strong for over 365 days (1 year).
Can you beat that?
All we need is a bearish confirmation to go down low to our next possible support level which is about +100 pips.
2. XAU/USD (GOLD)
Looking at the daily chart, Gold has long overstayed it’s welcome on support level (1545.45).
On the 4 hours chart we can see price outside a descending channel still looking dazed after breaking out of resistance level 1553.54.
Personally I am bullish on this one. However, we need adequate bullish confirmation before jumping into it. If that happens, we should be looking at 1594.75 as the next possible resistance level.
What are your thoughts guys?
Thanks for hanging around ladies and gents, I do appreciate your support.
I wish you a productive day ahead.
