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: gold is attacking
2019-11-11 • Updated
TP1 1222 TP2 1264 TP3 1285
On the daily chart, after XAU/USD reached 88.6% of the “Double top”, there was a natural pullback. Buyers found strength to trigger the “Crab” pattern and aim to continue the advance to 161.8% target. For now, gold has to settle above support at 1209.
On H1, XAU/USD keeps trying to reach 161.8% and 200% targets of “Crab” and AB=CD. To enter a long position, use the “Three touches” strategy.
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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