Japanese Candlesticks Analysis 05.12.2018 (GOLD, NZDUSD)

05.12.2018

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has updated the closest highs again and formed Hanging Man and Shooting Star reversal patterns. In the nearest future, the pair may be corrected again. Judging by the previous movements, it may be assumed that after finishing the pullback the instrument may start a new ascending movement.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD has broken the resistance level and formed Engulfing, Shooting Star, and Doji reversal patterns. Right now, the price is being corrected once again. Judging by the previous movements, it may be assumed that after completing the pullback the instrument may continue its growth.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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