European Session XAUUSD fear from $
تم تحديثه
XAUUSD Technical Overview:
Pivot: $1197.20
Day Trading Range: $1200 - $1186
Key Resistance: $1196.44 - $1200.00 - $1205.89
Key Support: $1193.35 - $1189.56 - $1186.78
Technical Indicators:
Moving Avg: SMA100 ($1198.33) & SMA200($1200.12) strong resistance for the day.
MACD: MacD is having low buyer volume and try to get seller volume soon.
Most Likely Scenario: short positions below 1197.25 with targets at 1192.00 & 1187.50 in extension.
Alternative scenario: above 1197.25 look for further upside with 1200.00 & 1202.00 as targets.
Fundamental:
Yellow Metal continue to be held hostage to the US dollar which can’t seem to get its direction Set. This has a lot to do with emerging markets and of course the global trade issues, and as a result the gaining US dollar continues to weigh upon the Gold markets overall. If that’s going to be the case, I think that the market will probably continue to offer selling opportunities on rallies, and that’s probably how you should play this market.
Thanks
YoCryptoManic
Pivot: $1197.20
Day Trading Range: $1200 - $1186
Key Resistance: $1196.44 - $1200.00 - $1205.89
Key Support: $1193.35 - $1189.56 - $1186.78
Technical Indicators:
Moving Avg: SMA100 ($1198.33) & SMA200($1200.12) strong resistance for the day.
MACD: MacD is having low buyer volume and try to get seller volume soon.
Most Likely Scenario: short positions below 1197.25 with targets at 1192.00 & 1187.50 in extension.
Alternative scenario: above 1197.25 look for further upside with 1200.00 & 1202.00 as targets.
Fundamental:
Yellow Metal continue to be held hostage to the US dollar which can’t seem to get its direction Set. This has a lot to do with emerging markets and of course the global trade issues, and as a result the gaining US dollar continues to weigh upon the Gold markets overall. If that’s going to be the case, I think that the market will probably continue to offer selling opportunities on rallies, and that’s probably how you should play this market.
Thanks
YoCryptoManic
تم فتح الصفقة
For US Session Idea:Most Likely Scenario: long positions above 1198.85 with targets at 1203.35 & 1207.30 in extension.
Alternative scenario: below 1198.50 look for further downside with 1194.45 & 1192.20 as targets.
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