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

GOLD/USD, 30 min


GOLD/USD, 30 min


Pivot: 1794.00


Analysis:

Provided that the price is above 1782.00, follow these recommendations:

  • Time frame: 30 min
  • Recommendation: long position
  • Entry point: 1794.00
  • Take Profit 1: 1806.00
  • Take Profit 2: 1817.00


Alternative scenario:

In case of breakdown of the level 1782.00, follow the recommendations below:

  • Time frame: 30 min
  • Recommendation: short position
  • Entry point: 1782.00  
  • Take Profit 1: 1775.00
  • Take Profit 2: 1766.00


Comment:

RSI shows an uptrend within a day.


Key levels:

Resistance --- Support

1828.00 ------- 1782.00

1817.00 ------- 1775.00

1806.00 ------- 1766.00




GOLD/USD,D1


GOLD/USD,D1


Pivot: 1781.00


Analysis:

Provided that the price is above 1720.00, follow these recommendations:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1781.00
  • Take Profit 1: 1835.00
  • Take Profit 2: 1875.00 


Alternative scenario:

In case of breakdown of the level 1720.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1720.00
  • Take Profit 1: 1675.00
  • Take Profit 2: 1640.00


Comment:

RSI shows an uptrend in the medium term. 


Key levels:

Resistance --- Support

1915.00 ------- 1720.00

1875.00 ------- 1675.00

1835.00 ------- 1640.00

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