XAU/USD: technical analysis
02 April 2018, 10:15
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL |
| Entry Point | 1330.80 |
| Take Profit | 1315.50 |
| Stop Loss | 1334.70 |
| Key Levels | 1302.90, 1307.00, 1312.70, 1315.50, 1322.30, 1325.80, 1328.15, 1330.60, 1334.70, 1340.50, 1343.85, 1346.80, 1352.30, 1357.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 1337.50 |
| Take Profit | 1352.00 |
| Stop Loss | 1330.60 |
| Key Levels | 1302.90, 1307.00, 1312.70, 1315.50, 1322.30, 1325.80, 1328.15, 1330.60, 1334.70, 1340.50, 1343.85, 1346.80, 1352.30, 1357.00 |
XAU/USD, D1
On the daily chart, the instrument was corrected to the middle line of Bollinger Bands. MACD histogram is in the positive zone, its volumes are minimal, the signal line is ready to cross the zero line upwards, after which the signal to open long positions will be received. Stochastic is in the neutral zone, its lines are directed downwards.
XAU/USD, H4
On the 4-hour chart, the instrument is trading within the upper and the lower borders of Bollinger Bands. MACD histogram is in the negative zone, the signal line crosses the zero line and the histogram’s body downwards, forming a signal to open short positions. Stochastic is at the border with the overbought area, its lines are pointed upwards.
Key levels
Resistance levels: 1330.60, 1334.70, 1340.50, 1343.85, 1346.80, 1352.30, 1357.00.
Support levels: 1328.15, 1325.80, 1322.30, 1315.50, 1312.70, 1307.00, 1302.90.
Trading tips
Short positions can be opened at the current level with the target at 1315.50 and stop loss 1334.70.
Long positions can be opened at the level of 1337.50 with the target at 1352.00 and stop loss 1330.60.
Implementation period: 1–3 days.
On the daily chart, the instrument was corrected to the middle line of Bollinger Bands. MACD histogram is in the positive zone, its volumes are minimal, the signal line is ready to cross the zero line upwards, after which the signal to open long positions will be received. Stochastic is in the neutral zone, its lines are directed downwards.
XAU/USD, H4
On the 4-hour chart, the instrument is trading within the upper and the lower borders of Bollinger Bands. MACD histogram is in the negative zone, the signal line crosses the zero line and the histogram’s body downwards, forming a signal to open short positions. Stochastic is at the border with the overbought area, its lines are pointed upwards.
Key levels
Resistance levels: 1330.60, 1334.70, 1340.50, 1343.85, 1346.80, 1352.30, 1357.00.
Support levels: 1328.15, 1325.80, 1322.30, 1315.50, 1312.70, 1307.00, 1302.90.
Trading tips
Short positions can be opened at the current level with the target at 1315.50 and stop loss 1334.70.
Long positions can be opened at the level of 1337.50 with the target at 1352.00 and stop loss 1330.60.
Implementation period: 1–3 days.
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