XAU/USD: technical analysis
14 January 2019, 10:17
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 1298.50 |
| Take Profit | 1309.00 |
| Stop Loss | 1290.00 |
| Key Levels | 1232.79, 1241.46, 1251.39, 1257.05, 1264.07, 1276.55, 1285.64, 1289.65, 1298.32, 1309.35, 1326.58 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 1289.00 |
| Take Profit | 1282.50 |
| Stop Loss | 1293.00 |
| Key Levels | 1232.79, 1241.46, 1251.39, 1257.05, 1264.07, 1276.55, 1285.64, 1289.65, 1298.32, 1309.35, 1326.58 |
XAU/USD, D1
On the D1 chart the instrument is moving in a lateral channel in the area of the upper line of Bollinger Bands. The uptrend is still in force, a widened price range indicates a likely resumption of the upward movement. MACD histogram is in the positive area. The signal line is crossing the body of the histogram from below forming a signal for opening long positions. Stochastic is in the neutral zone, and the lines of the oscillator are directed horizontally.
XAU/USD, H4
On the four-hour chart, the instrument is moving within a narrow range formed by the boundaries of Bollinger Bands, the uptrend is still in force. MACD histogram is in the positive area keeping a signal for opening buy orders. Stochastic is in the neutral area, and the lines of the oscillator are reversing upwards.
Key levels
Resistance levels: 1298.32, 1309.35, 1326.58.
Support levels: 1289.65, 1285.64, 1276.55, 1264.07, 1257.05, 1251.39, 1241.46, 1232.79.
Trading tips
Long positions may be opened from the level of 1298.50 with target at 1309.00 and stop loss at 1290.00.
Short positions may be opened from the level of 1289.00 with target at 1282.50. Stop loss – 1293.00.
Implementation time: 1-3 days.
On the D1 chart the instrument is moving in a lateral channel in the area of the upper line of Bollinger Bands. The uptrend is still in force, a widened price range indicates a likely resumption of the upward movement. MACD histogram is in the positive area. The signal line is crossing the body of the histogram from below forming a signal for opening long positions. Stochastic is in the neutral zone, and the lines of the oscillator are directed horizontally.
XAU/USD, H4
On the four-hour chart, the instrument is moving within a narrow range formed by the boundaries of Bollinger Bands, the uptrend is still in force. MACD histogram is in the positive area keeping a signal for opening buy orders. Stochastic is in the neutral area, and the lines of the oscillator are reversing upwards.
Key levels
Resistance levels: 1298.32, 1309.35, 1326.58.
Support levels: 1289.65, 1285.64, 1276.55, 1264.07, 1257.05, 1251.39, 1241.46, 1232.79.
Trading tips
Long positions may be opened from the level of 1298.50 with target at 1309.00 and stop loss at 1290.00.
Short positions may be opened from the level of 1289.00 with target at 1282.50. Stop loss – 1293.00.
Implementation time: 1-3 days.
No comments:
Write comments