XAU/USD, H4
On the H4 chart, a lateral trend has formed. The instrument is traded within the corridor formed by the borders of Bollinger Bands; the price range is narrowed, which indicates the likely preservation of lateral dynamics in the short term. MACD histogram is at the zero level, its volumes are minimal; the signal line is moving horizontally.
XAU/USD, D1
On the D1 chart, the downtrend is forming. The instrument returned to decline after correction and is trading between the center and lower borders of Bollinger Bands. The indicator cloud is broadened. MACD histogram is in the negative area; the signal line moves horizontally without forming a clear signal to enter the market.
Key levels
Resistance levels: 1471.50, 1475.00, 1478.90.
Support levels: 1465.20, 1462.20, 1456.50, 1453.00, 1445.60.
Trading tips
Short positions may be opened from 1462.20 with target at 1456.50 and stop loss at 1465.20.
Long positions may be opened from 1471.50 with target at 1478.90. Stop loss – 1468.00.
Implementation time: 1-3 days.
Scenario
Timeframe Intraday
Recommendation SELL STOP
Entry Point 1462.20
Take Profit 1456.50
Stop Loss 1465.20
Key Levels 1445.60, 1453.00, 1456.50, 1462.20, 1465.20, 1471.50, 1475.00, 1478.90
Alternative scenario
Recommendation BUY STOP
Entry Point 1471.50
Take Profit 1478.90
Stop Loss 1468.00
Key Levels 1445.60, 1453.00, 1456.50, 1462.20, 1465.20, 1471.50, 1475.00, 1478.90
On the H4 chart, a lateral trend has formed. The instrument is traded within the corridor formed by the borders of Bollinger Bands; the price range is narrowed, which indicates the likely preservation of lateral dynamics in the short term. MACD histogram is at the zero level, its volumes are minimal; the signal line is moving horizontally.
XAU/USD, D1
On the D1 chart, the downtrend is forming. The instrument returned to decline after correction and is trading between the center and lower borders of Bollinger Bands. The indicator cloud is broadened. MACD histogram is in the negative area; the signal line moves horizontally without forming a clear signal to enter the market.
Key levels
Resistance levels: 1471.50, 1475.00, 1478.90.
Support levels: 1465.20, 1462.20, 1456.50, 1453.00, 1445.60.
Trading tips
Short positions may be opened from 1462.20 with target at 1456.50 and stop loss at 1465.20.
Long positions may be opened from 1471.50 with target at 1478.90. Stop loss – 1468.00.
Implementation time: 1-3 days.
Scenario
Timeframe Intraday
Recommendation SELL STOP
Entry Point 1462.20
Take Profit 1456.50
Stop Loss 1465.20
Key Levels 1445.60, 1453.00, 1456.50, 1462.20, 1465.20, 1471.50, 1475.00, 1478.90
Alternative scenario
Recommendation BUY STOP
Entry Point 1471.50
Take Profit 1478.90
Stop Loss 1468.00
Key Levels 1445.60, 1453.00, 1456.50, 1462.20, 1465.20, 1471.50, 1475.00, 1478.90