GOLD:BUY From 50% FIBO Support Oversold Area LONG Setup

Long

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

Trend Analysis Chart Patterns Technical Indicators XAUUSD Gold ORO XAU USD forexsignals Contains image

trendanalysis chartpattern indicator xauusd gold oro xau usd forexsignals containsimage

GOLD, contrary to EUR/USD yesterday the USD news had a strong impact on this metal with a strong sell impulse where today the price reach the 50% FIBO Area from the last swing. A confluence with a Support area around 1760.00 plus the clue of the Oversold Stochastic may be given a setup for a new Bullish impulse. Our Forecast is about a new Long setup buying in discount area.

Comment:

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