XAUUSD Technical Outlook & Fundamental Veiw
Gold struggles to gain any meaningful traction on Friday and seesaws between tepid gains/minor losses through the first half of the European session. The XAU/USD, however, manages to hold above the $1,700 mark as traders
ReasoN for GOLD XAUUSD fall
1. Holding @ strong Resistance and make correcction over the strong support of 1664
2. Candle Stick pattern conform the downward pressure and three crow Fall confirmation
3. Fundamentally DXY already Break out an dread for Take of to 22 year High again
Overall XAUUSD
FX SIGNAL
GOLD BUY 1712-1718.10
SL 1738.00
TP 1664.50
Gold struggles to gain any meaningful traction on Friday and seesaws between tepid gains/minor losses through the first half of the European session. The XAU/USD, however, manages to hold above the $1,700 mark as traders
ReasoN for GOLD XAUUSD fall
1. Holding @ strong Resistance and make correcction over the strong support of 1664
2. Candle Stick pattern conform the downward pressure and three crow Fall confirmation
3. Fundamentally DXY already Break out an dread for Take of to 22 year High again
Overall XAUUSD
FX SIGNAL
GOLD BUY 1712-1718.10
SL 1738.00
TP 1664.50
Trade closed: target reached:
BOOM profit booked of 150+ Pips