Weekly Predictions (Apr 8 - 12)

FOREXCOM:XAUUSD1D

Gold / U.S. DollarFOREX.com

Description

⋅ Apr 8, 2019 2:23 AM

- Stochastic Oscillator indicating pair is oversold

Comment

⋅ Apr 8, 2019 2:25 AM

4-hr chart

- Stochastic Oscillator trending close to overbought territory
- Price was previously trading within range

Price has currently broken and closed outside of the upper boundary on the hourly chart ... Wait for a retest to enter LONG