InvestingScope

Target hit again. Falling Wedge on full deployment. Short.

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
TP = 1,208 hit, as the July 2017 low = 1,208.70 was crossed twice, once reaching 1,204.66 and the other 1,206.84. However as DX was rejected off the 95.20 - 95.45 Resistance zone, XAUUSD rose in response to a 1,217.94 High. This is still though a Lower High within August and with the 4H Falling Wedge (RSI = 47.270, MACD = -2.140, Highs/Lows = 0) restricted to a 1,222.10 maximum value, I expect the selling pressure to accelerate, especially if DX holds the 94.00 support. We are adding a new short, TP = 1,201. Keep in mind that we are near the buying zone of the March 2017 contact point = 1,196.20 and the January 2018 low = 1,182.00.

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
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.