The price is currently forming a Bearish Pennant Chart Pattern. Expecting an impulsive move from XAUUSD which I can conclude to speculating a SELL at 1930 as price rejects the trend line where fibonacci cluster is also a factor. The stochastic oscillator has also formed a lower peak leading the price chart. You might as well order a SELL STOP at 1915 with 100 pips SL. CONFLUENCES:- 1. Bear Trend (H4) 2. Bearish Pennant (H4) (Chart Pattern) 3. Fibonacci Cluster 4. Bearish Harami (Candle Pattern) 5. Price rejects Trend Line
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.