GOLD: 'Window' acted as resistance

GOLD: 'Window' acted as resistance

The upper 'Window' has acted as resistance, so there's a 'Shooting Star' pattern, which has been confirmed. It's likely that the market is going to reach the nearest important support at 1294.31 in the coming days. The subsequent pullback from this level could be a starting point for an upward price movement towards the previously tested resistance at 1331.05.




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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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