XAUUSD follows the projected curve pattern precisely so far as it has peaked to 1,265.90 very close to the first TP = 1,267.00. As expected the December 2017 bottom level = 1,236.50 has provided the supporting foundation on the 1D scale (Highs/Lows = 2.9100, B/BP = 1.8320) necessary to sustain the rebound on the medium term. The latest 1W candle closed on +0.24% gains (the first positive week after three straight in losses), with the current one already on a +0.87% increase. On an intra-day level Gold should now retrace to 1,259.83 (1D MA(5)) and trade sideways to offset the currently overbought 5H (STOCHRSI = 76.580, Williams = -17.493, CCI = 254.1238). The remaining targets are 1,274.50 and 1,284.12. See how the rise on Gold is disproportionate to the decline on DX, since it was lagging since late June and now trying to harmonize the correlation.
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.