Gold - US Dollar Analysis on the daily chart 11.12.2018
Down trend - prices are below EMA200
Weak Trend - price stopped retesting EMA20 and EMA50
Ranging Market
Magnitude of impulse is larger compared to the previous
Cuts through the resistance level last friday, retesting today, 11/12/2018
Price is below the support level on the weekly chart
Stochastic on the weekly chart is crossed to the downside out of the overbought level - 70
Recommendations: Sell 1210.0431
SL: 1221.782 Above the resistance area
TP: 1183.039 Before hitting another resistance level
Risk and Reward Ratio: 1:2.5
Down trend - prices are below EMA200
Weak Trend - price stopped retesting EMA20 and EMA50
Ranging Market
Magnitude of impulse is larger compared to the previous
Cuts through the resistance level last friday, retesting today, 11/12/2018
Price is below the support level on the weekly chart
Stochastic on the weekly chart is crossed to the downside out of the overbought level - 70
Recommendations: Sell 1210.0431
SL: 1221.782 Above the resistance area
TP: 1183.039 Before hitting another resistance level
Risk and Reward Ratio: 1:2.5
Trade closed: stop reached
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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.
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.