XAU / USD is down as EUR / GBP approaches

Posted on

XAU / USD

Gold broke the rising channel within the day by day chart:

 1

Worth shaped a bearish subsidence within the Four-hour chart , touching the damaged horizontal stage 1315.80 and the damaged line of the day by day chart. Chart knowledge and candlestick patterns point out that gold will proceed to descend to 1315.80:

 2nd

EUR / GBP

The Line Development Drilling is shaped and now touches the ascending channel and 50% of the Fibonacci stage, which is in accordance with the final upward motion. Right here, the cross-rate correction stops (a drop has already been halted on the 50% Fibonacci stage), and the pair continues to the North:

 3

Leave a Reply

Your email address will not be published. Required fields are marked *