XAU/USD, D1
On the daily chart, the instrument broke through the lower border of Bollinger bands and slowed the decline. MACD histogram is in the negative area, keeping a confident signal for the opening of short positions. Stochastic is in the neutral zone, the signal line is reversed downwards.
XAU/USD, H4
On the 4-hour chart, there is a correction of the downward movement, the instrument is trading near the lower border of Bollinger bands, the price range is extended, which indicates a possible continuation of the downward dynamics in the short term. MACD histogram is in the negative area, increasing its volumes, the signal line crosses the histogram body downwards, forming a signal to open short orders. Stochastic is in the oversold zone, the oscillator lines move horizontally along the border with the neutral area.
Key Levels
Resistance levels: 1199.73, 1203.95, 1206.41, 1212.21, 1217.35, 1222.71.
Support levels: 1191.66, 1181.14.
Trading tips
In the short term, short positions can be opened from the current level with the target at 1182.00 and stop loss 1199.70.
Implementation period: 1–3 days.
Long positions can be opened from the level of 1212.50 with the target at 1222.70. Stop loss is 1206.50.
Implementation period: 3–5 days.
Trade
Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 1194.90
Take Profit 1182.00
Stop Loss 1199.70
Key Levels 1181.14, 1191.66, 1199.73, 1203.95, 1206.41, 1212.21, 1217.35, 1222.71
Alternative scenario
Recommendation BUY STOP
Entry Point 1212.50
Take Profit 1222.70
Stop Loss 1206.50
Key Levels 1181.14, 1191.66, 1199.73, 1203.95, 1206.41, 1212.21, 1217.35, 1222.71
On the daily chart, the instrument broke through the lower border of Bollinger bands and slowed the decline. MACD histogram is in the negative area, keeping a confident signal for the opening of short positions. Stochastic is in the neutral zone, the signal line is reversed downwards.
XAU/USD, H4
On the 4-hour chart, there is a correction of the downward movement, the instrument is trading near the lower border of Bollinger bands, the price range is extended, which indicates a possible continuation of the downward dynamics in the short term. MACD histogram is in the negative area, increasing its volumes, the signal line crosses the histogram body downwards, forming a signal to open short orders. Stochastic is in the oversold zone, the oscillator lines move horizontally along the border with the neutral area.
Key Levels
Resistance levels: 1199.73, 1203.95, 1206.41, 1212.21, 1217.35, 1222.71.
Support levels: 1191.66, 1181.14.
Trading tips
In the short term, short positions can be opened from the current level with the target at 1182.00 and stop loss 1199.70.
Implementation period: 1–3 days.
Long positions can be opened from the level of 1212.50 with the target at 1222.70. Stop loss is 1206.50.
Implementation period: 3–5 days.
Trade
Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 1194.90
Take Profit 1182.00
Stop Loss 1199.70
Key Levels 1181.14, 1191.66, 1199.73, 1203.95, 1206.41, 1212.21, 1217.35, 1222.71
Alternative scenario
Recommendation BUY STOP
Entry Point 1212.50
Take Profit 1222.70
Stop Loss 1206.50
Key Levels 1181.14, 1191.66, 1199.73, 1203.95, 1206.41, 1212.21, 1217.35, 1222.71