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EUR/USD: general analysis 16 August 2019, 14:11

EUR/USD: general analysis 16 August 2019, 14:11 Scenario Timeframe Weekly Recommendation SELL Entry Point 1.1076 Tak...

Dec 6, 2018

XAU/USD: technical analysis 06 December 2018, 11:33


Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 1236.75
Take Profit 1241.89, 1243.27
Stop Loss 1233.22
Key Levels 1196.18, 1203.67, 1211.13, 1216.61, 1221.04, 1227.13, 1229.84, 1233.22, 1235.54, 1241.89, 1243.27, 1257.05, 1267.00
Alternative scenario
Recommendation SELL STOP
Entry Point 1227.13
Take Profit 1221.04
Stop Loss 1229.84
Key Levels 1196.18, 1203.67, 1211.13, 1216.61, 1221.04, 1227.13, 1229.84, 1233.22, 1235.54, 1241.89, 1243.27, 1257.05, 1267.00
XAU/USD, D1
On the daily chart, a correction of the upward movement is observed, the instrument has approached the upper border of Bollinger bands, the price range is widened, which reflexes a possible continuation of the upward movement. MACD histogram increases its volumes in the positive area. Stochastic is on the border with the overbought zone, the signal line of the oscillator is reversing downwards.

XAU/USD, H4
On the 4-hour chart, there is also a downward correction, the instrument is trading around the middle line of Bollinger bands, the price range is narrowing. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic is in the neutral zone, the lines of the oscillator are reversing downwards.

Key levels
Resistance levels: 1241.89, 1243.27, 1257.05, 1267.00.
The support levels are 1235.54, 1233.22, 1229.84, 1227.13, 1221.04, 1216.61, 1211.13, 1203.67, 1196.18.
Trading tips
Long positions can be opened from the current level with the targets at 1241.89, 1243.27 and stop loss 1233.22.
Short positions can be opened from the level of 1227.13 with the target at 1221.04. Stop loss is 1229.84.
Implementation period: 1–3 days.

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