XAU/USD
As we can see in the H4 chart, the pair is finishing the correction within the rising tendency. After forming another "Hammer" pattern not far from the support area, XAU/USD may reverse and move towards the next upside target at the resistance area at 1945.00. At the same time, an opposite scenario implies that the price may start another decline with the target at 1900.00 before resuming the uptrend.
NZD/USD
As we can see in the H4 chart, the correction continues. After forming several reversal patterns, such as "Harami", at the top of the correction, NZDU/SD may reverse and resume moving downwards. The next downside target may be the support area at 0.6515. Still, an alternative scenario says that the pair may continue trading upwards to reach 0.6710 before resuming the descending tendency.
GBP/USD
As we can see in the H4 chart, the uptrend continues. By now, GBP/USD has formed several reversal patterns, such as "Harami", not far from the support area. At the moment, the pair is reversing and may correct to reach the target at 1.3000. However, there might be another scenario, according to which the price may continue growing towards 1.3220 without reversing and correcting.
Disclaimer: 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.