The H4 the price was unable to consolidate below 1.1400 (or see a 23.6% correction) of course this doesn’t mean that the currency pair won’t see a correction soon. If the pair surpasses 1.1400 near the intersection with the limit of the upper fan (i.e. at 38.2% and the 23.6%) curve which will most likely lead to correction around the 1.1345 level. “Bullish” level are set at 1.1487. If the pairs price consolidates above this we may see a long term upswing, of course this is speculative.
The D1 chart shows the price remaining banded under the upper trend and while В testing 1.1470. If a break over this level, the pair may experience growth. Alternatively the level might reach 1.1340 and 1.1255. Gradual growth is another possible movement of the currency pair.
The day chart, the we see the gold/dollar pair trading on the MA of the Bollinger Bands. The pair is level with SMA200 under the EMA65.
On the 4-hour chart, the instrument is trading on the upper line of Bollinger Bands. The price remains above the EMA14 and EMA65 that start turning up, but below the EMA130 and SMA200 that are horizontal. The RSI is trying to turn down just below the border of the overbought zone. The Composite is approaching its strong resistance.