GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, the GBP/USD pair completed the uptrend with Hammer, Inverted Hammer, Engulfing, and Shooting Star patterns and then started a new correction. This pullback may finish with Head & Shoulders pattern. The downside target is at 1.3100.
XAU USD, “Gold vs US Dollar”
At the H4 chart of XAU USD, we can see several gaps; the price has formed Doji, Hammer, Harami, Engulfing, and Inverted Hammer patterns at both support and resistance levels. The previous trading session was no exception: after reaching 1321.05, the pair broke it and right now is being corrected with Inverted Hammer pattern at the low. The upside target is at 1325.43.
RoboForex Analytical Department