EUR/SEK 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    XAU/USD 1H Chart: Channel Down Comment: As it has just turned out, the upper boundary of the descending channel failed to contain the latest recovery. The price is now probing the long-term moving average, which appears to be one of the last reasons to remain bearish on gold. If resistance at 1,069 is broken, the exchange rate will likely rise through the weekly R1 towards the December 24 high at 1,077. At the same time, in case the bears manage to push the bullion back below 1,066 (weekly and

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