Technical Analysis (Gold) : XAU/USD 7 May 2020

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1670.6150

Date : 7 May 2020

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

Resistance Line (B) : 1711.9100 – Last TP of Triangle

Target Period : 3 days

Interval : 4 hours

Pattern : Triangle

Length : 66 Candles

Detail : Triangle identified at 06-May-20:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1670.6150 within the next 3 days. (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.