GOLD– RANGE TRADING GOING ON AND PRICE COULD BE GONE RANGE HIGH THIS WEEK!

Gold, as per the daily and 4-hour charts, is trading within a range. Gold has been trading within this range about last three months. No, the gold price is staying up on the range slope or support label. This support label becomes very strong by various false breaks one after another. Last Thursday, in the daily chart, a bullish pin bar was created, which is giving the rejection of the gold range support label again. And we guess buyers are entering this label, and the market could go as high as the label 3400.00 or more !!

USD CHF–DOWN TREND INTACT AND COULD BE GONE MORE FALL DOWN!!

USD CHF in weekly and daily charts remains in a massive downtrend.  The trend momentum is also high. USD CHF broke the previous support level of 0.80570 label in last month june 24. Then the USD CHF price has gone down further to the level of 0.78725. Now the USD/CHF price retraces back to the previous broken support level of 0.80570. It is a 50% fib label of the recent fall down movement of 0.82154 to 0.78725. So we expect that if the USDCHF price continues under the price label 0.80560, then it is very possible that the USDCHF price will fall again!