EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, the EUR/USD was moving sideways for a while and forming Harami, Long‑Legged Doji, Engulfing, Hammer, and Inverted Hammer reversal patterns at resistance and support levels. Right now, the price is rebounding from the support level. The upside target is at 1.1979.
XAU USD, “Gold vs US Dollar”
At the H4 chart of XAU USD, we can see several gaps; the price formed Doji, Hammer, Harami, Engulfing, and Inverted Hammer patterns over the last several days at both support and resistance levels. The pair reached its upside target at 1325.43, moved a bit higher, and then was corrected to the downside with Shooting Star and Doji patterns. The downside target is at the support level at 1320.10.
RoboForex Analytical Department