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USD/JPY: upward momentum maintains 20 September 2019, 14:15

USD/JPY: upward momentum maintains 20 September 2019, 14:15 Scenario Timeframe Weekly Recommendation BUY Entry Point 1...

Sep 12, 2019

XAU/USD: technical analysis 12 September 2019, 11:29


Scenario
Timeframe Intraday
Recommendation SELL
Entry Point 1504.55
Take Profit 1486.00
Stop Loss 1510.00
Key Levels 1468.27, 1493.90, 1514.87, 1531.18, 1548.07, 1559.14, 1574.57, 1591.23
Alternative scenario
Recommendation BUY STOP
Entry Point 1510.55
Take Profit 1524.50
Stop Loss 1505.00
Key Levels 1468.27, 1493.90, 1514.87, 1531.18, 1548.07, 1559.14, 1574.57, 1591.23
XAU/USD, H4
On a 4-hour chart, the instrument consolidated at the top of Bollinger bands. The indicator is directed downwards, and the price range has declined, indicating a quick change in the uptrend. The MACD histogram is in the negative zone, keeping a sell signal. Stochastic is preparing to enter the overbought zone; a sell signal can be formed during the day.

XAU/USD, D1
On the daily chart, the instrument strengthens at the bottom of Bollinger bands. The indicator is directed sideways, and the price range has expanded, which indicates the presence of correctional dynamics. MACD keeps a poor buy signal. Stochastic is preparing to leave the oversold zone, a buy signal can be formed within 1–2 days.

Key levels
Resistance levels: 1548.07, 1559.14, 1574.57, 1591.23.
Support levels: 1531.18, 1514.87, 1493.90, 1468.27.
Trading tips
Short positions can be opened from the current level with the target at 1486.00 and stop loss 1510.00.
Long positions can be opened above the level of 1510.50 with the target at 1524.50 and stop loss 1505.00.
Implementation period: 1–2 days.

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