Technical Analysis (Gold) : XAU/USD 25 February 2020

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1642.9100

Date : 25 February 2020

Support Line (A) : 1642.9100 – TP of Falling Wedge

Resistance Line (B) : 1656.5500 – TP of Falling Wedge

Target Period : 8 hours

Interval : 15 Minutes

Pattern : Falling Wedge

Length : 108 Candles

Detail : Falling Wedge identified at 25-Feb-12:15. This pattern is still in the process of forming. Possible bearish price movement towards the support 1642.9100 within the next 8 hours. (Supported by Downward sloping Moving Average)

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

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.