XAUUSD-nice area for a correction

FX:XAUUSD   Gold Spot / U.S. Dollar
1448 0 26
Same with EUR pairs i think price is extremely oversold and needs some correction.
We can see it clearly on W1 chart:

- bullish crab already triggered
- AB=CD pattern
- Trendline support
- horizontal support
- Stoch extremely oversold

Here on D1 chart we could consider an entry at current levels. We should be careful because tomorrow we have NFP news.

- MACD overextended and crossing
- bullish divergence on stochs

Best regards.

This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out