FXHighway
Long

Gold: Temporary decline

FX:XAUUSD   Gold / U.S. Dollar
309 2 7
Target: 1355.00
Risk: 1224.00.

Technical Reasons:

Gold             price rally stopped to form a double top pattern now, this pattern’s completion will push the price for temporary decline which might retest the previously breached neckline of the inverted head and shoulders’ pattern at 1224.00.

Stochastic is positive and supports the chances of turning back to rise, and the price needs to breach 1272.50 to confirm the continuation of the bullish trend .


http://www.fxhighway.com
https://www.facebook.com/fxhighwaycom/
https://twitter.com/
https://plus.google.com/105427315961677289743/posts
is it going to up???? buying opportunity ???
Reply
Mainly yes ,, waiting for more bullish targets ..
Going above 1272.50 is the first positive key for that ..
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out