ForecastsTechnical AnalysisXAUUSD Gold ForecastXAUUSD Gold Technical Analysis

XAUUSD Gold Forecast and Technical Overview

XAUUSD Gold Forecast and Technical Overview

XAUUSD Gold reached 1207 key intraday support. And we hit one of the sub targets of our setups.

What’s next?

After testing 1207, price made a weak pullback towards 1210 – Bullish Alt Bat Pattern – however XAUUSD prices remain under bearish pressure.

Breaking  below 1207-1206 will lead the prices 1198. A minor retracement can be seen at 1200-1198 levels.

We have a bullish crab and bat pattern signaling the minor retracement at 1198 – 1193 as we have published before.

Our midterm targets are 1188, 1172, 1156 and 1080.

Shorter term bullish retracement opportunity will be published for the members.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

XAUUSD Gold Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

 

 

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