xauusd potential reaction
xauusd potential reaction
key 18/2 breakline channel ( blue ).
21/5 breakline channel ( red ), from recent sell off.
Triangle target reached, reaction may have started by
breaking the downtrend channel,risen above 10 sma, MACD divergence.
resistance at 20, 50 sma, 50% and 0.618% levels.
An observation regarding the March sell off from 1391,
how the retracement likes the 50% level. ( circle )
potential projection with
targets : 1267(50%), 1280(channel top), 1300(0.382) - downtrend line
key 18/2 breakline channel ( blue ).
21/5 breakline channel ( red ), from recent sell off.
Triangle target reached, reaction may have started by
breaking the downtrend channel,risen above 10 sma, MACD divergence.
resistance at 20, 50 sma, 50% and 0.618% levels.
An observation regarding the March sell off from 1391,
how the retracement likes the 50% level. ( circle )
potential projection with
targets : 1267(50%), 1280(channel top), 1300(0.382) - downtrend line
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.