Chance for XAUUSD/XAGUSD to reach 79.374 level soon

١٦ مايو

Fib projection off today's move against possible retrace suggests continued move to 79.374 level in next few trading sessions. The downward trend line appears to suggest the same with a downward sloping bearish pennant.

١٦ مايو

ملاحظة

The RSI indicator for XAUUSD appears at max further supporting this view in favour of silver.

١٦ مايو

ملاحظة

See chart by Whit3BoyRob of Gold Spot/ U.S. Dollar with RSI at max

١٧ مايو

ملاحظة

Reached 78.793 level.

١٧ مايو

ملاحظة

Next targets:

78.447
76.244
75.167
72.x