Gold priced in swiss francFailed moves in one direction, often create violent moves in the opposite direction.
If gold can breakout versus the strongest of the major fiat currencies... oh boy!
#gold #swissfranc #xauchf
Gold priced in Swiss Franc.If gold breaks out versus the Swiss franc...
What do you think will happen to gold priced in the other, weaker fiat currencies?
Includes the US dollar.
#gold #swissfranc #usdollar #inflation #purchasingpower #silver #fintwit
Gold expressed in Swiss francSwiss Franc is historically the strongest currency.
If gold can outperform it, probabilities increase we are entering a precious metals bull era.
#gold #swiss #usdollar
XAUCHF 06/04/2023Monthly:
-Buyside liquidity resting above relative equal highs.
Weekly:
-FVG.
-S&D zone.
Daily:
-Bullish M pattern.
-IC.
4H:
-Bullish M pattern.
-OB.
XAUCHF - Long- Price arriving support zone and re-testing again support trend line
- Engulfing candle (trigger)
clear positionHi,
retracement come to 200sma and 0,618 fibo point. nice supply i think. can be some gartley or crab formation which i dont care.
4h rsi on bull side
daily macd works well. we have to see cross to enter trace.
1713 level is the key. when hits check the volume and candlestick forms.
cy.
INGCHF/BUY POSITIONHi guys
As you can see ,The price is in a descending channel, and in the third meeting with the ceiling of the channel , which we marked with a circle, it breaks the channel and is expected to rise firs to the middle and them to the ceiling of the next channel.
Be sure to comment your opinion.
go
long ING/CHFHello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me.
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