XAU USD, “Gold vs US Dollar”
At the H4 chart, the XAU/USD pair is expected to test the 4/8 level at 1312.50 and then fall towards the 3/8 one at 1296.88. After that, the latter level may be broken as well and then the instrument may continue moving downwards to reach the resistance at the 0/8 one at 1250.00.
At the H1 chart, the price is expected to test the 5/8 level at 1320.31, rebound from it, and then resume falling to reach the first target at 1296.88. After breaking it, the instrument may continue falling towards 1250.00.
At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1296.88 without testing 1320.31.
GBP AUD, “Great Britain Pound vs Australian Dollar”
As we can see at the H4 chart, the GBP/AUD pair has rebounded from the resistance at the 8/8 level at 1.7089 and may continue falling towards the support at the 5/8 one at 1.6723.
At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, move downwards to reach 1.6723.
RoboForex Analytical Department
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.