Tag - gold

Recommendations: SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215 BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349 On the daily chart of XAU/USD, the 1282-1308 consolidation continues…

The inability of bulls to overcome resistance at 23.6% of the wave 4-5 and lead the pair out of the descending trade channel points at their weakness.

XAU/USD keeps forming a “Broadening wedge”. The pair’s correcting to 23.6%, 38.2% and 50% of the wave 4-5.

Gold has been struggling to consolidate above the 200 SMA, following a strong offer zone found in the Fibonacci level of 50% at 1303…

Recommendation: SELL 1311 SL 1326 TP1 1281 TP2 1272 TP3 1250 SELL 1280 SL 1295 TP1 1250 TP2 1244 On the daily chart of USD/XAU, bulls have to break resistance at 1302…

The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.

Recommendation: SELL 1302 SL 1317 TP1 1276 TP2 1244 TP3 1215 On the daily chart, XAU/USD is finishing a “Widening wedge”…

Gold has been trying to consolidate its price action well above the 200 SMA at H1 chart and we can see that a corrective move could take place towards the Fibonacci level of 50% at 1313…

Recommendations: SELL 1326 SL 1339 TP1 1296 TP2 1272 TP3 1244 SELL 1333 SL 1346 TP1 1302 TP2 1272 TP3 1244 SELL 1340 SL 1353 TP1 1310 TP2 1302 TP3 1272 On the daily chart, XAU/USD keeps consolidating in the 1302-1360 range…

Recommendation: BUY 1302 SL 1287 TP1 1332 TP2 1352 TP3 1362 On the daily chart of XAU/USD, a break of the lower border of the downtrend channel will increase the risks of a “Broadening wedge” formation and trigger the “Shark” pattern…

Recommendations: BUY 1365 SL 1350 TP1 1395 TP2 1420 On the daily chart of XAU/USD, the pair reached the upper boundary of the 1310-1360 consolidation for the third time since the end of February…

Recommendation: BUY 1342 SL 1327 TP1 1372 TP2 1390 TP3 1400 On the daily chart of XAU/USD, a recoil from support at 1320 allowed bulls to counterattack…