Technical Analysis (Gold) : XAU/USD 23 August 2019

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1488.4311

Support Line (A) : 1507.5700 – Last TP of Triangle

Target Period : day

Interval : 4 hours

Pattern : Triangle

Length : 40 Candles

Identified : 23-August-19

Detail : Triangle has broken through the support line at 22-Aug-16:00. Possible bearish price movement forecast for the next day towards 1488.4311. (Supported by Downward sloping Moving Average)

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