bullish ideas for short term. Xauusd chart analysis to deliver my technical thoughts for next possible movement. Good Morning, xauusd, lovers, in our previous week, xauusd analysis, we expected a little bit more upward movement towards 1271 before a didnt happen, price moves up but fails to touch the resistance and reverse back with bearish pressure. Weekly bearish candle closing was indicating more bearish move this week towards the next support level minimum 1217 and maximum 1190-91 level which is also the weekly main support area.
4-Hour XAU USD Chart. Gold Technical Overview: Gold trading at 1297, above the key support at 1296 now, downside day support stands at 1292 the earlier resistance now turned to support. Gold markets fell rather hard during the week, crashing into what I believe is a significant support level. Gold Weekly Price Forecast Gold markets fall for the week. High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. Don't trade with money you can't afford to lose.
Mati, october 26, 2016, xAU USD Gold Price Analysis ( March 2017 ). Price is showing signs of stalling already so track this one closely over the remainder of this week. Daily Support: 1201-03, daily Resistance: 1243-45, hourly Support: 1217, hourly Resistance: 1243-45. Gold move high yesterday and close around 1275-76 which give more confidence towards our first target 1281-83.I believe this target may met today. It chine interdiction crypto monnaie will be interesting to watch what happens next, but clearly we have seen a complete change in attitude over the last several weeks. XAU USD Daily Chart XAU USD 4 Hour Hourly Time Frame Analysis Gold is moving upwards after touching the hourly support around 1259-60, current market price is 1275-76 and we are expecting more upward movement for minimum. Our main thought for this week is bearish, and we will look for bearish entry from the resistance level at 1243-45.
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Thanks for the feedback hamil I am still expecting a new high.
Gold is trying to break the barreir resistance around 1273-75.Once this level is break, you will see very good bullish move towards our election may give volatile during and after the resultsBut we will focus only technical set.
Our invalidation point is weekly low.
If gold close below 1247 in weekly time frame.