Japanese Candlesticks Analysis 27.11.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has completed another growth; right now, it is still testing the resistance level and forming Hanging Man and Shooting Star reversal patterns. In the nearest future, the pair may be corrected again. Judging by the previous movements, it may be assumed that after finishing the pullback the instrument may start a new ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is still being corrected from the resistance level and forming Harami, Shooting Star, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after completing the pullback the instrument may continue its growth.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.