BUY 1,557; TP 1,582; SL 1,540
Given the overall uncertainty about the global economic growth, concerns about the US-China trade war and the no-deal Brexit, there’s a fairly big chance that gold will continue strengthening. XAU/USD has already broken above the 50% Fibo of the 2011-2015 decline at 1,480 and the previous August high at 1,535. The natural bullish target is at 1,584 (61.8% Fibo). As a result, despite the technical bearish divergence on the D1, it’s possible to pursue more buying. The ADX shows that the uptrend is still rather strong. On the downside, the decline below 1,535 will open the way down to 1,500.
Forex Trading Tutorial Videos about Technical Analysis, Fibonacci Formula, Popular Indicators, Robot and usage of Basic Tools. We provide 99% successive signals for profitable trading result in end of the month. Free Forex Trading Account Register Click Register it
1 post • Page 1 of 1
- Site Admin
- Posts: 12035
- Joined: Sun Mar 04, 2012 1:17 am
- Cash on hand: Locked