Technical Analysis (Gold) : XAU/USD 20 August 2019

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

Forex Technical Analysis : XAUUSD (20 August 2019)

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1493.0550

Support Line (A) : 1493.0550 – Last TP of Descending Triangle

Resistant Line (B) : 1499.5300 – Last TP of Descending Triangle

Target Period : 6 hours

Interval : 1 hour

Pattern : Descending Triangle

Length : 30 Candles

Identified : 20-August-19

Detail : Descending Triangle identified at 20-Aug-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1493.0550 within the next 6 hours. (Supported by Downward sloping Moving Average)

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