Weekly Predictions (Feb 11 - 15)

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Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)

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FOREXCOM:XAUUSD Gold Spot / U.S. Dollar

Support and Resistance Moving Averages Centered Oscillators XAUUSD predictions Daily Charts 4hrchart 1hr

supportandresistance movingaverage centeredoscillator xauusd predictions daily 4hrchart 1hr

- Price retested EMA (25, close), respected support and appears to be going up
- Price not yet overbought
- Could possibly form a double top

Comment:

4-hr chart

snapshot

- Price retested at previous resistance and is heading down towards EMA (25, close) or previous support. How price behaves at these points is key to deciding where price will go next

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