GOLD/USD, 30 min
Pivot: 1679.00
Analysis:
Provided that the price is below 1690.00, follow these recommendations:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1679.00
- Take Profit 1: 1676.00
- Take Profit 2: 1666.00
Alternative scenario:
In case of breakout of the level 1690.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1690.00
- Take Profit 1: 1704.00
- Take Profit 2: 1714.00
Comment:
RSI shows a downtrend within a day.
Key levels:
Resistance --- Support
1714.00 ------ 1676.00
1704.00 ------ 1666.00
1690.00 ------ 1659.00
GOLD/USD, D1
Pivot: 1679.00
Analysis:
Provided that the price is below 1755.00, follow these recommendations:
- Time frame: D1
- Recommendation: short position
- Entry point: 1679.00
- Take Profit 1: 1600.00
- Take Profit 2: 1570.00
Alternative scenario:
In case of breakout of the level 1755.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1755.00
- 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 ------ 1600.00
1820.00 ------ 1570.00
1755.00 ------ 1500.00
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