indicator has reversed downwards, while the price range has considerably widened which is a basis for the preservation of the current vtr bitcoin trend. Because we have done this and the fact that we had formed a couple of hammers before then, it makes sense that this. Xauusd chart analysis to deliver my technical thoughts for next possible movement. The key support level is 1262.40. Breaking through it will be a strong signal for the opening of long positions. Forecast, good Morning xauusd Lovers, in our previous week, xauusd analysis, we expected a little bit more upward movement towards 1271 before a didnt happen, price moves up but fails to touch the resistance and reverse back with bearish pressure and break the major support osing. The key resistance level is 1267.70. Our main thought for this week is bearish, and we will look for bearish entry from the resistance level at 1243-45.
Wish you good luck and happy trading Mati Ur Rehman Gold Analyst @. XAU uSD, daily Chart, xAU uSD, H4, in the H4 chart the instrument is trying to consolidate below the level of 1264.45. Weekly bearish candle closing was indicating more bearish move this week towards the next support level minimum 1217 and maximum 1190-91 level which is also the weekly main support area.
Forex xau usd gold technical analysis
I am sharing update daily chart ease have a look. Macd histogram is in the positive zone preserving a strong buy signal. Feel free to comment below if you have any concern regarding charts and analysis.Your feedback is always welcome and help us to improve. Gold move high yesterday and close around 1275-76 which give more confidence towards our first target 1281-83.I believe this target may met today. We will look for the confirmation either price will give more upward movement for 1294-96 or it may give reversal. R2, r1, s1, s2, s3, hIGH, lOW, close,. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can. 4-Hour XAU USD Chart Support Resistance Weekly Support: 1191-93 Weekly Resistance: 1253-55 Daily Support: 1201-03 Daily Resistance: 1243-45 Hourly Support: 1217 Hourly Resistance: 1243-45 Note: Never risk more then 2 of your account capital in single ways trade with proper risk management plan. Long positions may be opened from he level of 1268.00 with target at 1274.00 and stop-loss at 1262.60. 4 Hour XAU USD Chart XAU USD Hourly Chart Alternate Analysis : Movement and closing below yesterday low will invalidate today analysis Support Resistance Hourly Support : 1269-71 Hourly Resistance : 1276 Daily Support : 1259-60 Daily Resistance 1281-83 Note: Never risk more then. Interesting facts, gold s popularity has grown over the past few years as an alternative currency trade. We believe gold is in correction mode now.
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