The price bounced from the medium line of the price channel. RSI and MACD histogram will be able to support a possible upward movement if the market gives us a strong bullish candle.
But the price is not far from the resistance zone at 1280.00 level which played as a strong support level in the past. Now it can be the strong resistance and stop the upward...
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
Updated View On XAU/USD (15 Apr 2019)
First: You can go read my previous analysis if you want. I do it weekly on Gold.
Background: In the last analysis, I mentioned that Gold can swing back down to $1276-$1291. It had run its course we are meeting some decent support "finally".
It may well be a beginning of the up move but no one can be so sure about it. Make...
Golds technical are all over the place with not much making sense at the minute so we have tried to simplify it as much as possible.
You can see we have a support and resistance zone marked out on the chart, we can see further bearish movement pushing price into this zone.
Price hitting this zone will correlate with price hitting all time highs on US30 which will...
On the 1D chart, we can see the price breakout the demand from the left, on the same chart we can see below the next fresh demand, most likely, the price on his way to reach this Demand below and maybe also the one at the bottom, on the 1Hour chart we can see the next fresh supply levels which are great levels to sell GOLD and join this bearish momentum. I’ll sell...
Welcome to this updated analysis on XAUUSD Let's get right to it!
It is tested and support well
Now the price has rallied from this level and made a retest
(look at the wick) of this candle.
This information is to be used for educational purposes only
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