Trend_Analyst

Possible XAUUSD Short Trade

FX:XAUUSD   Gold Spot / U.S. Dollar
There is a possible correction looming, both RSI and Stochastic showing bearish divergence. There is some resistance at this level with it being testing it 4 times, we are now at the apex of an ascending triangle . The target projected from the triangle measurement is just above the 38.2% FIB level, this are should provide support to a move down before possibly moving back up to retest resistance.
Comment: Price did not break below the trendline and has now broken to the upside so the triangle analysis is no longer valid.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out