Hello Traders,
Some cool moves happened some hours ago in the market, but no worries, we will check some other setups that still have great potentials in them.
Let’s go:
1. GBP/CHF
On the 4 hours time frame the GBP/CHF successfully bounced off the 1.17460 support level, but the real question is:
Can the Bulls break the 1.18453 resistance level?
If they do, the buyers will have enough motivation to push price to the next possible resistance level (1.19346) and if price is subdued by the Bears, we will most likely see price return to support level 1.17460.
2. XAU/USD (GOLD)
To further buttress our weekly analysis on Gold.
The breakout of resistance level 1788.26 may finally be upon us fam.
If the daily candlestick closes with a strong bullish candlestick, the buyers may flood the market tomorrow and we may see price hit resistance level 1899.48 before the close of the week.
What are your thoughts?
Kindly comment below
