XAU/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
We are seeing a signs of a bullish channel on the 4H chart of XAU/USD. The trend started at the middle of May with a decline; however, the peak at the middle of June indicated to a possible Channel Up pattern. The bullion is currently gaining in value, after it approached the lower trend-line at 1,280.64 recently. Also, the technical studies support the scenario where the yellow metal advances, as the daily and weekly technicals point to the north. The market sentiment towards gold is bullish, with a slight majority of the traders expecting it to climb higher. The target level is around the monthly R2 and weekly R3 at 1,367.61/86.
© Dukascopy Bank SA
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Thu, 14 Aug 2014 13:15:11 GMT

USD/CHF 4H Chart: Channel Up

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Thu, 14 Aug 2014 07:45:08 GMT

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