Gold completes the negative formation

FX:XAUUSD   Gold Spot / U.S. Dollar
192 0 1
Target: 1070.00
Risk: 1130.00

Technical Reasons:

Gold             price succeeded to complete the double top pattern by breaking 1117.65 level, and the negative effect of this pattern is waited to lead the price to visit 1070.00 level.

Breaking 1100.00 is required to confirm the continuation of the decline towards the waited target, and the price gets negative signals coming from stochastic and the exponential moving averages 50 and 100, which support heading towards the next target at 1070.00.

FXHighway mobile App: https://play.google.com/store/apps/details?id=com.fxhighway.apps
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
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