XAU/USD: the gold is going up

XAU/USD: the gold is going up

Recommendation:

BUY 1238 SL 1223 TP1 1263 TP2 1270 TP3 1287,

BUY 1230 SL 1215 TP1 1263 TP2 1270 TP3 1287

On the daily chart of XAU/USD, the correction to the downward middle-term trend continues. Bulls move towards the 161.8% target of the AB=CD pattern. They keep the situation under control. That's why the reversals with the following rebounds from the supports at 1239 and 1230 can be used to open long positions. 

xauusd_d.png

On H1, the pair reached the targets of the "Wolfe Waves" and "Shark" patterns. It increased the risks of the reversal towards the 23.6%, 38.2% and 50% targets of the CD wave as a part of the transformation into 5-0.

xauusd_60.png

Similar

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.

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.

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

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