pixi

Weekly 31 SMA is Back

FX:XAUUSD   Gold Spot / U.S. Dollar
264 2 14
Hi,

The weekly 31 SMA was a great support during the last bull rally of gold             .
This SMA has turned bearish in 2013 and since early 2016, it became bullish .
Imo             , this SMA could be tested in the next couple of hours.

This SMA stands at 1275$ for this week.

Gold             should be under pressure until NFP (September, 2) and 1275$ is "only" 30$ from its current price.

There’s also a confluence with a likely pullback of the previous bearish channel .

1275$ is 100$ drop from the top done in july, i like round numbers.

So, i’m bearish until this point to "play" a bounce or a bullish continuation move and super bearish if gold             passes through this key level.
Trade active
long
Reply
You went log yesterday, right?
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
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