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Xauusdforex

Xauusd long Target The overnight breakout above the $2,665 confluence – comprising the 50% retracement level of the recent pullback from the all-time peak and the 100-period Simple Moving Average (SMA) on the 4-hour chart – was seen as a key trigger for bulls. Adding to this, technical indicators on the daily chart have again started gaining positive traction and support prospects for a further appreciating move for the Gold price. Hence, some follow-through strength beyond the $2,700 mark, towards the $2,710-2,711 supply zone, looks like a distinct possibility. Acceptance above the said barriers will reaffirm the positive bias and lift the XAU/USD towards the next relevant hurdle near the $2,736-2,737 region. Weekly chart confirm Follow my chart
OANDA:XAUUSDLong
by JohnHarry_7
Xauusd sell From a technical perspective, last week's failure near the top boundary of an ascending channel extending from late July and the subsequent pullback from the all-time peak could be seen as a sign of bullish exhaustion. However, mixed oscillators on the daily chart warrant some caution before positioning for further losses. Hence, any further decline is more likely to find some support near the $2,720-2,715 horizontal zone, below which the Gold price could aim to challenge the trend-channel support, currently pegged near the $2,690 region. Some follow-through selling would mark a bearish breakdown and pave the way for some meaningful corrective fall in the near term. Gold now sell 2740 Support 2730 Support 2725
OANDA:XAUUSDShort
by JohnHarry_7
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