On H4, 7/8 breakout may lead to the USD/CHF price falling till the support at 5/8.
H1 charts show the same Murrey levels as H4, and the likelihood of the price going down to 5/8 is confirmed here.
In case VoltyChannel bottom line is broken out on M15, the price will be likely to go further down.
On H4, the gold is expected to fall down to -2/8. Once this level gets broken out, the entire Murrey pattern will be re-built, and one will be able to find the new targets.
On H1, the price is likely to test the support at 0/8, with a further pullback and a rise to 5/8.
In case VoltyChannel upper line is broken out on M15, the price will be likely to rise.
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.