Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
XAU/USD at the new highs
Information is not investment advice
XAU/USD rose to the highest levels since 2012. The advance has become stretched and the price may try to correct down. There’s a cluster of candlesticks above $1,765, they have long lower wicks – a sign that buyers don’t give up. This may lead the price to 1,775. The next resistance will be at 1,780. The slide below 1,765 will meet support at 1,759.
Trade ideas for XAU/USD
SELL 1,764; TP 1,759; SL 1,766
BUY 1,772; TP 1,775; SL 1,771
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