GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, the GBP/USD pair continue growing quickly. At support and resistance levels, the price is forming Shooting Star, Harami, Hammer, Doji, and Engulfing Shooting Star reversal patterns to define the borders of the ascending channel. After finishing another correction. The instrument may continue growing towards the upside target at the resistance level at 1.38450.
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 previous downside target at the support level at 1320.10 and then continued falling. At the moment, the price is expected to start another correction. The next downside target is at 1302.73.
RoboForex Analytical Department