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.
Stock market: Alibaba faces an obstacle
Trade ideas
SELL 175.50; TP 168.00; SL 177.00
SELL 163.00; TP 155.00; SL 166.00
BUY 181.00; TP 188.00; SL 178.00
Last week the stock of Alibaba rallied. The price moves close to the resistance line connecting April and July highs and the 100-week MA in the 175.00 area. The third time the price approaches this line is a potentially good moment for entering short positions. Keep an eye on reversal patterns in the 175.00/176.00 area. The downside targets will be around 167.70 (50-day MA). The decline below the 50-week MA at 163.70 will open the way down to 155.00 (support line).
On the upside, we will turn bullish in case of a break above 180.00 (July high). The target will be around 188.00.
Elizabeth Belugina
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Latest news
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
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
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