On the daily chart, bears managed to move XAU/USD to 113% target of the “Double top”.
Tag - gold
In the recent days, the US dollar index reached the highs of July 2017.
On the daily chart, XAU/USD is correcting to the long-term uptrend. Bears are trying to form a “Shark” pattern with a target at 113% located at 1183.
The main events of the week, fundamental and technical analysis for the key currency pairs and gold…
On the daily chart, after XAU/USD had reached 88.6% target of the “Shark” pattern there was a natural pullback. Bears are counting on the decline to the 113% target.
On the daily chart of XAU/USD, the pair reached the 88.6% target of the “Shark” pattern.
On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
On the daily chart, XAU/USD pulled back after reaching 224% and 88.6% targets of AB=CD and “Double top”.
On the daily chart of XAU/USD, the short-term downtrend continues in line with the formation of a “Double top”, AB=CD and a “Widening wedge”.
On the daily chart, XAU/USD keeps forming patterns 5-0 and a “Widening wedge”. The pair is moving towards a convergence area of 1,244-1,250 (50% correction of the last long-term bullish wave)…
“The desire of gold is not for gold…
Recommendations: SELL 1290 SL 1305 TP1 1272 TP2 1244 BUY 1300 SL 1285 TP1 1324 TP2 1333 TP3 1349 On the daily chart, XAU/USD formed a “Broadening wedge”…