Technical Analysis (Gold) : XAU/USD 5 May 2020

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1738.8650

Date : 5 May 2020

Support Line (A) : 1670.6150 – Last TP of Triangle

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

Target Period : 2 days

Interval : 4 hours

Pattern : Triangle

Length : 95 Candles

Detail : Triangle identified at 02-May-04:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1738.8650 within the next 2 days.

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.