Get started
Naomi293

Weekly Predictions (Feb 25 - Mar 1)

Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
Naomi293 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Oscillators Moving Averages predictions forecast dailychart 4hrchart XAUUSD
0
0
supportandresistance oscillator movingaverage predictions forecast dailychart 4hrchart xauusd
- Reversal candlestick pattern suggesting beginning of a downtrend after pair came from a sustained uptrend, made new yearly highs and had double confirmation of being overbought on the Stochastic Oscillator and RSI
- Wait for break and retest of previous resistance, now turned support and EMA (25, close) on the downside
Comment:
4-hr chart

snapshot
- Pair oversold on Stochastic Oscillator
- Failed to break EMA (25, close) on the upside
- Look out for price to test support again
Comment:
Link to previous Weekly Predictions:
Weekly Predictions (Feb 18 - 22)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.