• XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1240.00 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1225.96 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1212.1 (Horizontal pullback support, 100% fiboancci extension, 38.2%, 50% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1240.0 (horizontal overlap resistance, 61.8% fiboancci extension, 38.2% fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1240.06 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur pushing price down to our major support at 1208.78 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also facing bearish pressure and we might see a corresponding drop in […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1215.87 (horizontal overlap support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1238.09 (horizontal pullback resistance, 38.2% Fibonacci retracement). RSI (55) is also seeing a bullish exit and Ichimoku cloud is also showing […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1192.86 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1185.48 (horizontal overlap support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1197(horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1193 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimokucloud is also showing signs of bearish pressure in line with […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1193.73 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1200 (100% Fibonacci extension, 50% fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1214.20 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong drop might occur pushing price down to our major support at 1203.35 (horizontal overlap pullback support, 38.2% Fibonacci retracement). Stochastic Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1181.28 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1194.23 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in […]

  • XAUUSD approaching resistance, watch for breakout!

    \ XAUUSD is approaching our first resistance at 1208.76 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a breakout of this level might push price up to our major resistance at 1239.19 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1208 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1197 (horizontal swing low support). Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level might […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1200.59 (horizontal pullback support, 50%, 23.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1237.64 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement, long term descending resistance line). Ichimoku cloud is also […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1218.62 (Horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1238.35 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A breakout above our intermediate resistance level at 1233.26 (horizontal […]

  • XAUUSD breaking out of ascending support line, potential drop!

    XAUUSD has made a slight breakout of its ascending support line. If it breaks past its 1st support at 1297 (38.2% Fibonacci retracement, horizontal overlap support), it could be a confirmation of a further move downwards to its major support at 1288 (76.4% Fibonacci retracement, horizontal swing low support). RSI (34) is being held up […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1304.00 (horizontal swing high resistance, short term descending resistance line, 78.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1288.55 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1297.49 (horizontal overlap support, […]