JohnLiv

As I see gold for the week ahead

Pembelian
OANDA:XAUUSD   Emas / Dollar A.S.
On first analysing the week the initial opening I believe would be to make the1778 resistance level, as seen on the chart this more or less forms a double top, some may deem this a cup and handle, I see a short lived pull back to the 1770 area, (new entry at this point TP:1844), it became evident a copy fractal was starting to form (cf1) on placing cf2 in place, I was surprised the fractal finished exactly at the 1800 price line, cf2 could work, but the resistance level at 1788 is too strong to just break on first kiss, so I see potential retrace to the 1778 support level, then fingers crossed, we should make that touch of 1800 and reaching the top of cf2, I believe the market will range here waiting on a trigger to make a move, I have taken Thursdays NFP as this trigger, the trade at this point would be $20 above main trend line, (see linked chart below), a pull back here should be considered quite feasible closing on Friday around 1783, however I have predicted a further rise closing in the 1817 area, next week may see 1844 with a possible large drop.
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.