Note: The S/R levels (i.e. likely bank trader order levels) as depicted in their respective timeframes in this and prior articles have not changed, and will probably NEVER change regardless what happens in financial markets. What follows is my own world view, developed from an institutional trading career dating back to 1995.
Gold fails to close convincingly above 1515 (on the H4 chart) and is now retracing back towards bids between 1485-90.
The 60MAs on both the H4 and H1 are a little flat, but the offer tone is at least more obvious compared to another safe haven, the Swiss franc.
USDCHF is slightly bid but the dollar only reverting back to the mean level of 1.0000.
There’s still money to be made on the intraday charts as long as you pay attention to the the slopes of the MAs.
The following are S/R levels on the XAUUSD and USDCHF pairs for today.