Technical Analysis (Gold) : XAU/USD 12 May 2020

12 May 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 12 May 2020

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1722.1950

Date : 12 May 2020

Support Line (A) : 1692.3000 – Last TP of Channel Up

Resistance Line (B) : 1722.1950 – Last TP of Channel Up

Target Period : day

Interval : 4 hours

Pattern : Channel Up

Length : 26 Candles

Detail : Channel Up identified at 12-May-12:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1722.1950 within the next day.

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

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