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Astrofx

MAFX: #XAUUSD#Gold held steady, trading sideways as concerns over the global economic outlook from the rising number of Covid-19 cases offset the trade optimism between US and China, with trade negotiations showing signs of progress. Looking ahead, we maintain a bullish outlook on Gold as the low interest rate environment and uncertain macroeconomic landscape could continue to buoy demand for the safe-haven asset. MAFX: #XAUUSD (Intraday Perspective: Upside pressure above 1921.86) We are seeing a medium-probability bullish scenario and 2016.43 marks a potential upside target for longs. Stochastic is also facing upside pressure from our support level at 18.00 as well.
FOREXCOM:XAUUSD
by MAFX24
PERFECT TREND PERFECT TREND YESTERDAY TARGET REACH PROPER HIGHER HIGH The Perfect Trend Line indicator act as a trend following indicator. It is simply made of 2 lines from highest high and lowest low of 2 different periods, one short and a longer one. If the price breaches the longest line, it is a sign a of potential trend reversal, while if price is in the cloud made of these 2 lines, it is only a retracement and a potential price rebound in the same direction as the main trend. Confirmation of trend reversal are highlighted with blue and red dots. The cloud can be expanded with the SlowPipDisplace and the FastPipDisplace settings which must be set in points/pips values.
FOREXCOM:XAUUSD
by MAFX24
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