FXHighway
Short

Gold completes the negative formation

FX:XAUUSD   Gold/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.


www.fxhighway.com
https://www.facebook.com/fxhighwaycom/
https://twitter.com/
https://plus.google.com/105427315961677289743/posts
FXHighway mobile App: https://play.google.com/store/apps/details?id=com.fxhighway.apps
www.fxhighway.com
https://twitter.com/fxhighwaycom

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

IOS: https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=1071234193&mt=8

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out