Technical Analysis (Gold) : XAU/USD 27 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1660.1850

Date : 27 April 2020

Support Line (A) : 1660.1850 – Last TP of Triangle

Resistance Line (B) : 1738.8650 – Last TP of Triangle

Target Period : 21 hours

Interval : 4 hours

Pattern : Triangle

Length : 64 Candles

Detail : Triangle identified at 25-Apr-00:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1660.1850 within the next 21 hours. (Supported by RSI above 60)

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.