XAUUSD 11/08: Weekend signal

UPBO-SuperScalp Mis à jour   
FX:XAUUSD   Or / Dollar Américain
Technical outlook XAUUSD

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Technically, nothing seems to have changed for Gold price in the near term, as the bearish 14-day Relative Strength Index (RSI) continues to back the downside bias.

Any pullback in the Gold price, therefore, will be seen as a good selling opportunity.

On the upside, the Gold price recovery needs to crack the $1,930 round figure, above which the downward-sloping 50 DMA at $1,941 will be the next key hurdle.

Further north, the bearish 21 DMA at $1,949 will be on Gold buyers’ radars.

Alternatively, daily closing below the key support of the $1,910 level will challenge the critical 200 DMA at $1,900.

A sustained break below the latter will put the June 29 low of $1,883 to the test.

*Noticeable signal of the day*

BUY XAUUSD 1906 - 1910

SL : 1900

TP 1: 1915
TP 2: 1920

SELL XAUUSD 1925 - 1928

SL : 1935

TP 1: 1920
TP 2: 1915

Attention: Install TP, SL to win the market
Transaction en cours
Transaction en cours:
The strategy is still on the right track
ENTRY BUY is ready
Transaction en cours:
Buy signal at 1906 is ready💟💟💟

Idées en relation

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