Technical Analysis (Gold) : XAU/USD 28 February 2020

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1613.0497

Date : 28 February 2020

Support Line (A) : 1625.0000 – TP of Triangle

Resistance Line (B) : 1660.4050 – TP of Triangle

Target Period : 2 days

Interval : 1 hour

Pattern : Triangle

Length : 136 Candles

Detail : Triangle has broken through the support line at 28-Feb-13:00. Possible bearish price movement forecast for the next 2 days towards 1613.0497. (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

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.