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TECH Sell 14.10.2019 13:53

XAU/USD: Fibonacci analysis

On the 4-hour chart, the price reversed at 1478.50 (correction 23.6%) and was corrected to 1496.50 (correction 50.6%, Bollinger bands’ midline). Its breakout will give the prospect of growth to 1504.60 (correction of 61.8%) and 1515.00 (correction of 76.4%). Otherwise, the decline to 1478.50 (correction 23.6%) and 1462.00 (correction 0.0%) will resume. Technical indicators do not give a clear signal. The MACD histogram is decreasing in the negative zone, Stochastic is pointing upwards. Bollinger Bands are falling. Also, the price is under pressure of a downward fan.

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FUND Buy 10.10.2019 09:12

XAU/USD: gold strengthens

Yesterday, the XAU/USD pair rose slightly, having received support ahead of the publication of the September protocols of the US Federal Reserve and the speech of the head of the Federal Reserve Jerome Powell. As expected, Powell advocated the possibility of new stimulus measures to support the US economy. In particular, it is planned to return to an increase in the Federal Reserve balance sheet again, however, Powell emphasized that this would not be a full-fledged quantitative easing (QE) program.

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TECH Buy 04.10.2019 12:23

XAU/USD: technical analysis

H4 chart shows the correction of an upward trend. The instrument is trading in the upper part of Bollinger Bands, near the key support level of 1507.00. The indicator is directed up, and the price range has expanded, which indicates a further growth in the pair. MACD histogram is in positive zone, keeping the buy signal. Stochastic is correcting in the neutral zone; a signal to open positions has not been formed.

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TECH Sell 02.10.2019 10:50

XAU/USD: technical analysis

On the H4 chart, the downtrend is still in force. The instrument has corrected to the center line of Bollinger Bands; the indicator cloud is narrowing. MACD histogram is in the negative zone keeping a signal for the opening of short positions. Stochastic is in the neutral zone, and the lines of the oscillator are directed horizontally.

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