SBForex

2 possible scenarios for Gold

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
157 0 5
Gold             has been on a nice bullish run this month however prices are stalling at the 1245.50 level. We could see a double top and prices return to 1206 (key weekly level and 61.8 fib) or a more mild pullback to the highlighted area (around 1230) before prices continue higher to 1260. For the 1st scenario we could short on a break and retest of the 1230 level and trendline or short on a pullback to the 1230 level after prices test 1220. In the 2nd scenario we could long after seeing bullish price action at 1230 or after a break and retest of 1245.50. This will be nice to watch
Trade closed: target reached: First target hit, waiting for a pullback to the support/double top (around 1245) before looking to go long again
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out