pro_vin618

pro_vin618 Updated 

Price failed to get support above 0.7300, wicks can be seen with lower high points as well Wait for short opportunities via below signals: 1 When Price retest within 0.7285-7300 and falling again 2 When RSI start to fall from overbought area again 3 When Diagram of MACD move to below 0 TP1: 0.7220 TP2: 0.7150 TP3: 0.7080

pro_vin618

In the weekly chart you can see price has been ranging within 1.1500-1.0500 since 2015 Q1. Pin bars showed strong resistance in blue area from 1.1350-1.5000. And Bullish engulfing formed by previous 2 weekly candles can be seen close to 0.618 level.So crucial support area is 0.5-0.618 ratio, from 1.1066 - 1.0936. If this region act as strong support, price may...

pro_vin618

Various signals give hint that gold price may need to choose a direction after a strong NFP data. Key levels can be seen in the chart.