Gold: Temporary decline

FX:XAUUSD   Gold Spot / 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 .

is it going to up???? buying opportunity ???
Mainly yes ,, waiting for more bullish targets ..
Going above 1272.50 is the first positive key for that ..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out