We saw gold consolidate in a bear flag, which is normally a bearish pattern. Market then broke below 1862, key support level on the H4 timeframe. We could see a continuation leg down to 1826.
USDCHF is negatively correlated to gold and we saw it consolidate in a falling channel which is normally a bullish pattern on the daily chart. We then saw the market reverse at 0.92 with a bullish daily hammer candle, signaling that buyers have stepped back in.
We could see USD strengthen as these two play out.
USDCHF is negatively correlated to gold and we saw it consolidate in a falling channel which is normally a bullish pattern on the daily chart. We then saw the market reverse at 0.92 with a bullish daily hammer candle, signaling that buyers have stepped back in.
We could see USD strengthen as these two play out.
Trade chiuso: obiettivo raggiunto
Gold reached Target and USDCHF was choppy and closed out manually
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.