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FXRCAPITAL
Aug 6, 2017 12:13 PM

XAUUSD AB=CD Completion Leg C to Leg D Short

Gold / U.S. DollarFOREX.com

Description

XAUUSD AB=CD Channel In Play //

GOLD is under pressure from NFP reports and the US dollar recovery from lows @ 93. Gold has broken out of 1268.00 consolidation and is now targeting our PRZ @ 1200.00.

Support and Resistance levels

Resistance levels 1273.70, 1280.00, 1288.00

Support levels 1256.00, 1250.00, 1242.00

STOCH SIGNAL // Bearish Start H4/H1/M30 // Overbought conditions
GMACD // Trend/Down D1/W1/H1/H4 MACD

Order cancelled

Metals and Yen are becoming more of a safe heaven currency due to the instability with the USD and war talks.

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