NZD/USD 1H Chart: Channel Up

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

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    XAU/USD 4H Chart: Falling Wedge Comment: The XAU/USD pair is poised for more weakness in the near-term. Technical indicators in the short and medium timeframes support this outlook, with the closest strong demand located at 1,207.50, represented by the March low and the weekly S1. The pair is expected to eventually reach the 1,200 mark and rebound from the monthly S1 and the falling wedge’s lower border. In case the bullish momentum prevails, gold is to make its way towards 1,235 level, namely

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