Hello Traders,
let’s hit the charts…
1. GBP/CHF
For close to 7 months, the GBP/CHF has struggled to break the 1.21985 resistance level
This week will make it the 4th attempt on price trying to breakout, but in my opinion, there is a great possibility that price may break the resistance level as we can see higher lows being formed.
If we do get a breakout, our next possible resistance level would be 1.24644
We will need a healthy dose of patience to see this setup play out.
2. XAU/USD (GOLD)
On Gold, we have strong signs of sellers opening the 1856.79 floor. This floor has been strong for a little over 3 months
If the close of the daily candlestick further confirms it, then we may see price go further down till it hits a likely support level (1744.90)
What say you?
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