TECH Sell 22.09.2021 12:30
XAU/USD: Fibonacci analysis
On the D1 chart, the price resumed its growth and rose above 1770.85 (23.6% retracement). Strengthening may continue to the strong resistance level of 1797.00 (38.2% retracement, the midline of Bollinger Bands) or 1818.00 (50.0% retracement). A repeated breakdown of 1770.85 may cause a renewal of the decline down to 1729.00 (0.0% retracement). Technical indicators don't provide a clear signal: Bollinger Bands are reversing downwards, MACD histogram is growing in the negative zone, and Stochastic reversed upwards.
FUND Buy 20.09.2021 09:17
XAU/USD: prices are consolidating around 1750.00
Gold prices are moderately declining, consolidating around $1750.00 per troy ounce.
TECH Buy 17.09.2021 07:51
XAU/USD: wave analysis
The pair is in a correction and may grow.
On the daily chart, the third wave of the higher level (3) formed, and a downward correction developed as the fourth wave (4). Now, the development of the fifth wave (5) has started, within which the first entry wave of the lower level i of 1 of (5) has formed, and a local correction is ending to develop as the wave ii of 1. If the assumption is correct, after the end of the correction, the pair will grow to the levels of 1958.98–2067.60. In this scenario, critical stop loss level is 1682.09.
FUND Sell 16.09.2021 10:33
XAU/USD: the price is correcting in a sideways trend
The XAU/USD pair moves sideways near the psychological level of 1800.0. Since gold is a risk hedging instrument, its neutral dynamics demonstrates uncertainty among investors.