XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
Facebook’s price turned down
Trade idea
SELL 192.70; TP 188.45; SL 194.20
Facebook's stock formed a bearish “shooting star” candlestick on the monthly chart. On W1, there’s also a bearish reversal combination: an “inside bar” plus the so-called “fakey” (a failed attempt to break higher). On D1, we can see that the stock made 3 consecutive unsuccessful attempts to return above 198.50 (April high). Yesterday, the price closed below June highs at 194.00 and this opens the way down to 188.45 (23.6% Fibo retracement of the 2018-2019 advance).
Elizabeth Belugina
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XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
Stock market: the earnings of Cisco, Nvidia, and Walmart
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