Gold prices have found resistance after NFP economic event under 1,260.00.
If we look closely, we can see daily and weekly pin bar. We found good signal for a short position.
Even, Moving Average Convergence Divergence – MACD, showing hidden divergence on a daily timeframe.
Next week, we will looking for a short opportunity from the 1260, or we will looking from the daily trend line break, from the 13. march low. For the potential target we will looking at first support zone 1240 or below 1220.
Next week, we have a lot of high impact economic news, so be careful before you entry in short position.
Have a great weekend!
Check the upside technical analysis.
Performed by analytical expert: Urban Stamcar
If we look closely, we can see daily and weekly pin bar. We found good signal for a short position.
Even, Moving Average Convergence Divergence – MACD, showing hidden divergence on a daily timeframe.
Next week, we will looking for a short opportunity from the 1260, or we will looking from the daily trend line break, from the 13. march low. For the potential target we will looking at first support zone 1240 or below 1220.
Next week, we have a lot of high impact economic news, so be careful before you entry in short position.
Have a great weekend!
Check the upside technical analysis.
Performed by analytical expert: Urban Stamcar