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Murrey Math Lines 25.11.2021 USDCHF, GOLD

25.11.2021USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, USDCHF is trading within the overbought area. In this case, the price is expected to test break 18 and then continue falling to reach the support at 78. However, this scenario may be cancelled if the price breaks the resistance at 28 to the upside. After that, the lines in the chart will be redrawn, thus helping us to define new upside targets.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.XAUUSD, Gold vs US DollarIn the H4 chart, after breaking the 200day Moving Average, XAUUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 38, rebound from it, and then move downwards to reach the support at 18. However, this scenario may no longer be valid if the price breaks the resistance at 38 to the upside. After that, the instrument may continue growing towards 58.As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue its decline.Back to listAttention!Forecasts presented in this section only reflect the authors 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.

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