Gold: struggling around support. Watch key levels.

FX:XAUUSD   Gold Spot / U.S. Dollar
242 0 3
Gold             quickly cut the rally in this week despite of weak Dollar.

This is indeed a big problem.

With the third drop in row, XAUUSD             sharps a Head and Shoulder pattern on the chart.

Gold             now stands infimly on SMA50 and 23.6% Fib retracement of (1050-1275)

Any break of those key supports would send gold             lower to next support : The Neckline of H & S pattern and even 38% Fib retracement level at 1190

Next week, we will have the answer whether Gold             falls further or stop the correction to fuel next rally.

So we only watch three levels:

- SMA50
- Neckline of H & S pattern.
- 23.6% Fib Retracement.
Happly trading.
If you like my analysis, visit my page: https://www.facebook.com/trackingforexsignals
And my website :http://www.trackingforexsignals.com/
Free 1 month. You like, You subscribe.
More than 100 signal providers and +200 positions in Trading System. Track the best signals. No site has such feature around the world. Precise and Profitable.
- Trackingforexsignals - Think the right way.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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