XAUUSD Elliottwave Analysis

Mar 19, 2018 at 07:58
455 Views
1 Replies
Member Since Feb 11, 2018   232 posts
Mar 19, 2018 at 07:58
On daily chart, we still suspect spot Gold in a potential triangle consolidate mode.

Short term neutral bias within 1300/42 range.

Need to break either side to provide clearer direction.

Below 1300/1299.6, will expose 1277/1267 support zone.

Above 1342 may directly bullish for 1355/1372, 1396.

(views are my own, not trading recommendations. Good Luck!)




Attachments:

Member Since Feb 11, 2018   232 posts
Mar 22, 2018 at 08:56
We see a potential inverse head-shoulder bottom on 720 min chart with trend line broken.

For now we have moderate upside bias.

If so, today will not touch 1325.

Directly break recent low will regain downside risk.

Views are my own, not trading recommendations. Good Luck!




Attachments:

Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.