XAU/USD: gold is afraid of the wedge

XAU/USD: gold is afraid of the wedge

Recommendation:

SELL 1190

SL 1205

TP1 1171 TP2 1166 TP3 1125

On the daily chart, XAU/USD bulls are still hoping to form a “Crab” with a 161.8% target. To begin with, they need to conquer 1209 (23.8% of the bearish wave). Bears, on the other hand, are eager to pull the price below the suppot at 1185 and make another step towards triggering AB=CD с таргетом на 161.8%.

XAUUSD Daily.png 

On H1, XAU/USD is forming a “Broadening wedge”. If gold renews September low near 1190, a further decline will follow.

XAUUSD H1.png

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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