GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart of GBP USD, the price broke the support level and continues moving downwards. Shooting Star, Engulfing, and Hanging Man patterns confirm the descending movement. The predicted downside target is the support level at 1.2755.
XAU USD, “Gold vs US Dollar”
Gold continues getting weaker against the USD. At the H4 chart, the price formed Harami, Doji, and Engulfing patterns, which indicated that the instrument completed the correction and may continue falling towards the support level at 1207.00.
RoboForex Analytical Department