Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
XAU/USD: bulls are counterattacking
2019-11-11 • Updated
BUY $1328 SL $1313 TP2 $1346 TP2 $1358
SELL $1302 SL $1317 TP1 $1272 TP2 $1245
On the daily chart of XAU/USD, bulls to continue the rally to 127.2% and 1.618% of the senior and junior AB=CD need to overcome resistance at $1,340 and $1,360 an ounce. On the other hand, another test of support at $1,302 in case of success will lead gold to 88.6% target of the “Shark” pattern.
On H1, a break of resistance at $1,328 will open the way to 113% and 88.6% targets of the “Shark”.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
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