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Forex-gold

GOLD IS FORMING BULLISH PATTERN 123Strong bullish movement ended at level 1568.73 forming wave (A) then corrective wave (B) is occurred until 61.8% Fibonacci level of preceding wave (A) at level 1548.78 price is rejected from this level RSI broke downtrend MACD shows bullish momentum Price is supported on Moving Average 100 Above HVN at level 1552 It's expected forming strong bullish wave (C) to target the supply zone and 61.8% Fibonacci level of the main bearish wave at level 1582.15
OANDA:XAUUSDLong
by MMFXSignals
GOLD (XAUUSD) Market Outlook | Daily Forex Market BreakdownXAUUSD Gold Seems to be sustaining bullish momentum for the time being. We have now retested a key area of resistance. Now it will be interesting to see if bulls can maintain control or if the bears are going to take over and we are going to roll over to the downside. As you can see in the chart posted we have been calling these key areas of resistance for sometime. Still sitting on my hands until volume picks back up. Remember not everyday is a trading day. That being said gold is playing out very nicely, definitely at the top of my watch list.
FX:XAUUSD
by Layne_LV
3