Gold is moving in channels

Gold is moving in channels

Recommendation:

SELL 1311 SL 1326 TP1 1281 TP2 1272 TP3 1250

SELL 1280 SL 1295 TP1 1250 TP2 1244

On the daily chart of USD/XAU, bulls have to break resistance at 1302. Then the pair may leave the descending channel, trigger and form a “Shark” pattern with the target at 88.6%.

 XAU1.png

On H1, XAU/USD keeps forming 5-0, “Broadening wedge” and AB=CD. A pullback of the pair from the upper border of the downtrend channel will allow bears to resume the downtrend.

XAU2.png

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera