GOLD
On H4, the gold is rising, making pullbacks every now and again. A correction is happening, with the price forming such reversal patterns as the hammer, harami, and engulfment. By analyzing the previous moves, one can assume the gold may continue uptrending once the pullback is over.
NZDUSD
On H4, the pair has formed a few reversal patterns, such as falling star and hanging man, and bounced off the resistance. By analyzing the previous moves, one can assume the NZDUSD may start forming a new uptrend after a correction.
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.