GOLDEn-Serpenti

GOLDEn-Serpenti

XAUUSD - Bearish - look to Sell at 1967 ◾ Daily signals are mildly bearish ◾ There is scope for mild buying at the open but gains should be limited ◾ Resistance is located at 1970 and should cap gains to this area ◾ Preferred trade is to sell into rallies Stop: 1994 Target 1: 1902 Target 2: 1875 Chart

GOLDEn-Serpenti

XAUUSD - Bullish - I look to Buy at 1899 ◾ Preferred trade is to buy on dips ◾ Previous support located at 1900 ◾ 50 1day EMA is at 1895 ◾ Intraday signals are mixed ◾ Further upside is expected although we prefer to set longs at our bespoke support levels at 1900, resulting in improved risk/reward Stop: 1886.0 Target 1: 1934.0 Target 2: 1948.0 Chart

GOLDEn-Serpenti

XAUUSD - Bearish - I look to Sell at 1957-60 ◾ Price action remained pressured last week resulting in further losses, recording a 3.50% fall from the recent highs ◾ Further downside is expected ◾ We look for a temporary move higher ◾ Resistance is located at 1960 and should cap gains to this area ◾ We look to sell rallies Stop: 1982.0 Target 1: 1902 ...

GOLDEn-Serpenti

XAUUSD - Bearish -I look to Sell at 1956 ◾ A bearish Head and Shoulders is forming ◾ This is negative for sentiment and the downtrend has potential to return ◾ There is scope for mild buying at the open but gains should be limited ◾ Resistance is located at 1960 and should cap gains to this area Stop: 1991 Target 1: 1877 Target 2: 1850 Chart

GOLDEn-Serpenti

Gold still bullish on this level Target 1956 Buy Gold 1922.50.21.50 Tp 1956

GOLDEn-Serpenti

XAUUSD - Bullish - I look to Buy at 1912 ◾ Buying pressure from 1910 resulted in prices rejecting the dip ◾ This is positive for sentiment and the uptrend has potential to return ◾ Further upside is expected and we look to set longs in early trade ◾ Dip buying offers good risk/reward Stop: 1885.0 Target 1: 1973.0 Target 2: 2000.0 Chart

GOLDEn-Serpenti

XAUUSD - Bullish - I look to Buy at 1878 ◾ Preferred trade is to buy on dips ◾ 50 1day EMA is at 1887 ◾ Previous support located at 1875 ◾ The medium term bias remains bearish Stop: 1857.0 Target 1: 1940 Target 2: 2100 Chart