ABD Doları / İsviçre Frankı
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Classic Gold and USDCHF negative correlation in play

520
We saw gold consolidate in a bear flag, which is normally a bearish pattern. Market then broke below 1862, key support level on the H4 timeframe. We could see a continuation leg down to 1826.
USDCHF is negatively correlated to gold and we saw it consolidate in a falling channel which is normally a bullish pattern on the daily chart. We then saw the market reverse at 0.92 with a bullish daily hammer candle, signaling that buyers have stepped back in.
We could see USD strengthen as these two play out.
İşlem kapandı: hedefe ulaştı
Gold reached Target and USDCHF was choppy and closed out manually

Feragatname

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