ForexSQ

NFP Forecast on XAUUSD GOLD by ForexSQ

FX_IDC:XAUUSD   GOLD / US DOLLAR
27 0 2
The divergence XAU/USD             showed on daily graph was followed with a break of 1335 support where Fibo 23.6% of the latest upward movement is located. Daily graph show that prices are around the lower line of the Bollinger Band also CCI is correcting oversold reading -220 but still stays below -100. Both of these indicators show that Gold             is getting ready for its next move and is more likely to continue its recent weakness against USD. 1290 and 1270 levels (Fibo %50 and Fibo %61.8 retracement) may be targeted in case of a positive USD reaction to NFP is received. 1335 area (Fibo %23.6 retracement) is the first short term resistance.


read more at http://www.ForexSQ.com http://goo.gl/oyUeIF
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out