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XAUUSD MAY FALL AFTER DOLLAR RISE

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
XAUUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone but falling down.
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UPDATE-2
The pair has closed the last week at 1280 level. The pair has broken the rising trendline on the 4-hour chart. Now the down move may begin anytime soon.

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UPDATE-3
The pair has ended the week at 1248.37. Which is well above our target price of 1230. The pair has broken the rising trendline and closed the day below it. Now the next stop is at 1233 and 1202.

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UPDATE-4
The pair has ended the week at 1248.37. At the time of writing this comment, the pair is trading at 1243.68. The break of rising trendline has made the pair to fall very fast. Next support may be found at 1204 levels.

killer195175 avatar

UPDATE-5
The pair has fallen below the 1265 level which was a good support. Now, this level will act as good resistance and push the price till 1204 level. I expect gold to settle at 1230 levels on 1st January 2018.

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UPDATE-6
A fall in US Dollar value resulted in rise of XAUUSD and it closed the week at 1274.75. Our target for January is 1230 level. Now it seems very far and not achievable as the MACD and RSI are hinting a bullish move. For our targets to be achieved the pair should get rejected at the falling trendline next week.

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Go away, autumn depression!

As Yuri Shevchuk sings "What is autumn - it's the sky, the crying sky under your feet" For me, autumn is not an occasion for sadness, autumn is that time when there are mountains of fallen leaves everywhere, there is such a different color palette everywhere that the eye rejoices! When I have free time, I really like to go to various coffee shops, sit by the window, flip through a book and just enjoy being.
I'm a cheerful person and it's very difficult to make me sad. I have prepared a video f…
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uber 24 Out

Sasha_spicy  So funny! :)

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EvanPage 25 Out

Sasha_spicy  I love that care free personality! :)

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EUR/AUD-Aussie fall boosted by RBA !!!

  • Charts: 1 Day,1 Week
  • Elements used: Fibonaci Fan Lines,Fibonacci Retracements,RSI,.
  • Current Level : 1.4469
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The beauty of nature!

Every season has it's own beauty. What's your favorite season?
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geula4x 28 Out

+1 Liked: lovely! :-) I like the winter :-)

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