The XAUUSD pair reacted yesterday from $1307.03 to $1317.40 making a local top for fib retracement & projection.
It tried to reach the 1.618 of fib but decline from 1321 resistance line.
Today and yesterday the pair made double bottom on 0.618 of fib @1313.42 and turned MACD marginally bullish (15m).
Now it consolidates exactly above the 0.764 of fib @1314.93
.
The price is under EMA200 (15m) & KUMO.
I have nothing to say about the trend but that the pair is reacting on fib levels of this measurement.
Buy above 1320 for 1334 (2.618fib) sell under 1312 for 1305 are my thoughts for today.
It tried to reach the 1.618 of fib but decline from 1321 resistance line.
Today and yesterday the pair made double bottom on 0.618 of fib @1313.42 and turned MACD marginally bullish (15m).
Now it consolidates exactly above the 0.764 of fib @1314.93
.
The price is under EMA200 (15m) & KUMO.
I have nothing to say about the trend but that the pair is reacting on fib levels of this measurement.
Buy above 1320 for 1334 (2.618fib) sell under 1312 for 1305 are my thoughts for today.
