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GOLD MAY FALL DOWN FURTHER

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.

XAUUSD Weekly Chart

  • The MACD on the weekly chart is in the positive zone but falling.
  • The RSI is falling.
  • The Stochastics is falling down.
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RETRACEMENT ON THE CHART OF GOLD | 11032017

Hello my dear fellow community members,
Please refer to my blog post on 07 March 17 regarding a pullback expected at the GOLD price. The XAUUSD has broken below from a rising trendline. A pullback is expected to 1218 and a better pullback can take it to 1260. I shall look to sell at 1218 if I see weakness. If it breaks 1218 on upside then I shall look for weakness at 1260 levels to sell it. Here is the chart show…
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GOLD MAY SEE SOME LOSSES IN DAYS TO COME

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator.
XAUUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone and rising. The histogram is positive and rising.
  • The RSI is turning down.
  • The Stochastics is turning down.
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