Tag - gold

On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.

On the daily chart of EUR/GBP, bears managed to pull the pair to targets of the “Shakeout-fakeout” pattern and push it further to the bottom line of the long-term consolidation within 0.87-0.902.

On the daily chart of XAU/USD, 1,180-1,215 consolidation keeps going.

On the daily chart, XAU/USD keeps consolidating in the 1188-1213 range.

On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.

On the daily chart, XAU/USD is consolidating in the 1185-1210 range. A break of its upper border will trigger a “Crab” with a 161.8% target.

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).

Do you want to get clues on the upcoming economic events?

On the daily chart of XAU/USD, bulls couldn’t break the resistance at 1,216 and hold the pair above 1,209.

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.

At the end of the previous week, gold rose the most in five months after the Fed’s chairman Mr. Powell gave a dovish speech at the Jackson Hole Symposium.

On the daily chart, XAU/USD pulled back after reaching 113% target of the “Double top”.