Technical Analysis (Gold) : XAU/USD 12 August 2019

12 August 2019 Analysis (Forex, Currency Pair, CFDs, Crypto, etc.)AutochartistCFDs (Gold, Silver, USOIL)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD (12 August 2019)

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1509.5750

Support Line (A) : 1494.7600 – Last TP of Ascending Triangle

Resistant Line (B) : 1509.5750 – Last TP of Ascending Triangle

Target Period : 11 hours

Interval : 1 hour

Pattern : Ascending Triangle

Length : 54 Candles

Identified : 12-August-19

Detail : Ascending Triangle identified at 12-Aug-07:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1509.5750 within the next 11 hours. (Supported by RSI below 40)

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