XAU/USD, D1

On the daily chart, the instrument was corrected to the middle line of Bollinger Bands. MACD histogram is in the positive zone, its volumes are minimal, the signal line is ready to cross the zero line upwards, after which the signal to open long positions will be received. Stochastic is in the neutral zone, its lines are directed downwards.

XAU/USD, H4

On the 4-hour chart, the instrument is trading within the upper and the lower borders of Bollinger Bands. MACD histogram is in the negative zone, the signal line crosses the zero line and the histogram’s body downwards, forming a signal to open short positions. Stochastic is at the border with the overbought area, its lines are pointed upwards.

Key levels

Resistance levels: 1330.60, 1334.70, 1340.50, 1343.85, 1346.80, 1352.30, 1357.00.

Support levels: 1328.15, 1325.80, 1322.30, 1315.50, 1312.70, 1307.00, 1302.90.

Trading tips

Short positions can be opened at the current level with the target at 1315.50 and stop loss 1334.70.

Long positions can be opened at the level of 1337.50 with the target at 1352.00 and stop loss 1330.60.

Implementation period: 1–3 days.

Spot Gold

BuySellSpread
1313.851313.0481

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point1330.80
Take Profit1315.50
Stop Loss1334.70
Support levels1302.90, 1307.00, 1312.70, 1315.50, 1322.30, 1325.80, 1328.15, 1330.60, 1334.70, 1340.50, 1343.85, 1346.80, 1352.30, 1357.00

Alternative scenario

RecommendationsBUY STOP
Entry Point1337.50
Take Profit1352.00
Stop Loss1330.60
Support levels1302.90, 1307.00, 1312.70, 1315.50, 1322.30, 1325.80, 1328.15, 1330.60, 1334.70, 1340.50, 1343.85, 1346.80, 1352.30, 1357.00
XAU/USD: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Start Trading
Follow us in social networks!
Live Chat
Leave feedback