GOLD/USD, 30 min
Pivot: 1738.00
Analysis:
Provided that the price is below 1746.00, follow these recommendations:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1738.00
- Take Profit 1: 1730.00
- Take Profit 2: 1724.00
Alternative scenario:
In case of breakdown of the level 1746.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1746.00
- Take Profit 1: 1753.00
- Take Profit 2: 1758.00
Comment:
RSI shows a downtrend within a day.
Key levels:
Resistance --- Support
1763.00 ------ 1721.00
1753.00 ------ 1710.00
1739.00 ------ 1705.00
GOLD/USD, D1
Pivot: 1742.00
Analysis:
Provided that the price is below 1760.00, follow these recommendations:
- Time frame: D1
- Recommendation: short position
- Entry point: 1742.00
- Take Profit 1: 1700.00
- Take Profit 2: 1675.00
Alternative scenario:
In case of breakout of the level 1760.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1760.00
- Take Profit 1: 1795.00
- Take Profit 2: 1835.00
Comment:
RSI shows a downtrend in the medium term.
Key levels:
Resistance -- Support
1835.00 ------ 1700.00
1795.00 ------ 1675.00
1760.00 ------ 1640.00
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