XAU/USD, D1
On the daily chart, the instrument is moving sideways within the channel formed by the lower border and the midline of Bollinger bands. MACD histogram is in the negative area, keeping the signal to open short positions. Stochastic is in the neutral zone, its lines are directed downward.
XAU/USD, H4
On the 4-hour chart, the instrument moves within a narrow sideways channel formed by the borders of Bollinger bands, the price range is narrowed. MACD histogram is in the area of the zero line, its volumes are minimal, and the signal line is moving horizontally along the zero line. Stochastic is in the neutral zone, its signal line is directed upwards.
Key Levels
Resistance levels: 1300.28, 1302.90, 1307.00, 1312.70, 1315.50, 1317.50.
Support levels: 1295.45, 1290.72, 1288.10, 1284.50, 1281.70.
Trading tips
Short positions can be opened from the current level with the target at 1288.10 and stop loss 1300.00.
Long positions can be opened at the level 1300.50 with the target at 1307.00. Stop loss is 1297.50.
Implementation period: 1-3 days.
Spot Gold
Buy Sell Spread
1297.79 1297.18 61
Scenario
Timeframe Day's Range
Recommendations SELL
Entry Point 1296.50
Take Profit 1288.10
Stop Loss 1300.00
Support levels 1281.70, 1284.50, 1288.10, 1290.72, 1295.45, 1300.28, 1302.90, 1307.00, 1312.70, 1315.50, 1317.50
Alternative scenario
Recommendations BUY STOP
Entry Point 1300.50
Take Profit 1307.00
Stop Loss 1297.50
Support levels 1281.70, 1284.50, 1288.10, 1290.72, 1295.45, 1300.28, 1302.90, 1307.00, 1312.70, 1315.50, 1317.50
On the daily chart, the instrument is moving sideways within the channel formed by the lower border and the midline of Bollinger bands. MACD histogram is in the negative area, keeping the signal to open short positions. Stochastic is in the neutral zone, its lines are directed downward.
XAU/USD, H4
On the 4-hour chart, the instrument moves within a narrow sideways channel formed by the borders of Bollinger bands, the price range is narrowed. MACD histogram is in the area of the zero line, its volumes are minimal, and the signal line is moving horizontally along the zero line. Stochastic is in the neutral zone, its signal line is directed upwards.
Key Levels
Resistance levels: 1300.28, 1302.90, 1307.00, 1312.70, 1315.50, 1317.50.
Support levels: 1295.45, 1290.72, 1288.10, 1284.50, 1281.70.
Trading tips
Short positions can be opened from the current level with the target at 1288.10 and stop loss 1300.00.
Long positions can be opened at the level 1300.50 with the target at 1307.00. Stop loss is 1297.50.
Implementation period: 1-3 days.
Spot Gold
Buy Sell Spread
1297.79 1297.18 61
Scenario
Timeframe Day's Range
Recommendations SELL
Entry Point 1296.50
Take Profit 1288.10
Stop Loss 1300.00
Support levels 1281.70, 1284.50, 1288.10, 1290.72, 1295.45, 1300.28, 1302.90, 1307.00, 1312.70, 1315.50, 1317.50
Alternative scenario
Recommendations BUY STOP
Entry Point 1300.50
Take Profit 1307.00
Stop Loss 1297.50
Support levels 1281.70, 1284.50, 1288.10, 1290.72, 1295.45, 1300.28, 1302.90, 1307.00, 1312.70, 1315.50, 1317.50