Fibo Analysis for GOLD and USDCHF: 25/03/2019

GOLD

On H4, the gold is forming a correction uptrend, which reached 50% Fibo. The next targets may lie at 61.8%, or $1,321.43, and at 76%, or $1,330.74. The major support is meanwhile at $1,280.71. If it gets broken out, the price may hit the midterm 50% level, or $1,271.50.

On H1, another upward move is forming after the pullback. Once the local high at $1,320.34 gets broken out, the price is likely to reach the range of 138.20% to 161.80% Fibo, or $1,326.85 to $1,330.85. The major support is meanwhile at the low, or $1,303.25.

USDCHF

On H4, the USDCHF is falling, having reached 23.60% Fibo. The price is starting a long term downtrend, with the next target at at 38.2%, or 0.9782. The resistance is meanwhile at the 1.0149 high.

On H1, the USDCHF is correcting upwards. The correctional trend reached 23.6o% Fibo and may move to 38.20% (0,9982) and 50% (1.0009).