InvestingScope
Short

1D Channel Down testing the support. Long term bearish.

FX:XAUUSD   Gold Spot / U.S. Dollar
After making a new Lower High on the 1D Channel Down ( RSI = 42.763, MACD = -0.240, Highs/Lows = -4.5993, B/BP = -4.9820), XAUUSD is now aiming for a Lower Low just below our first TP = 1,180.50. There are probabilities that the 1D Channel Down will bounce to a new Lower High near 1,204, but with USDCNY testing the 6.9355 1D High and DXY crossing 96.00 again, the current 4H Channel Down on Gold ( RSI = 35.490, MACD = -0.350, Highs/Lows = -9.7593) has more chances this time to break aggressively towards 1,170. If 1,177 is crossed, the 1D Channel Down breaks to the downside and the only support is located at 1,160.50. TP2 = 1,172 intact.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out