XAU/USD | GOLD/USD | Gold to US Dollar Trading Analysis

XAU/USD | GOLD/USD, 30 min


GOLD/USD, 30 min

Pivot: 1734.00

Analysis:

Provided that the price is below 1739.00, follow these recommendations:

  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 1734.00
  • Take Profit 1: 1727.00
  • Take Profit 2: 1723.00 

Alternative scenario:

In case of breakout of the level 1739.00, follow the recommendations below:

  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 1739.00
  • Take Profit 1: 1743.00
  • Take Profit 2: 1747.00


Comment:

RSI shows a downtrend within a day.


Key levels:

Resistance  Support

1747.00 1727.00

1743.00 1723.00

1739.00 1719.00




XAU/USD | GOLD/USD, D1


GOLD/USD, D1


Pivot: 1735.00


Analysis:

Provided that the price is below 1780.00, follow these recommendations:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1735.00
  • Take Profit 1: 1710.00
  • Take Profit 2: 1675.00 


Alternative scenario:

In case of breakout of the level 1780.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1780.00
  • Take Profit 1: 1820.00
  • Take Profit 2: 1850.00


Comment:

RSI shows a downtrend in the medium term. 


Key levels:

Resistance  Support

1850.00 1710.00

1820.00 1675.00

1780.00 1650.00

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