XAU/USD: technical analysis 24.01.2018
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the XAU/USD for a better understanding of the current market situation and more efficient trading.
XAU/USD, D1
On the daily chart the pair is moving sideways within the channel, formed by the upper border and middle line of Bollinger Bands, the price range is narrowing. MACD histogram is in the positive zone, keeping a steady signal to open long positions. Stochastic is in the neutral zone, its lines are pointed upwards.
XAU/USD, H4
On the 4-hour chart the instrument is growing along the upper border of Bollinger Bands, the price range is widened, which reflects the possible development of the upward movement. MACD histogram is in the positive zone, its volumes are growing, and the signal line crossed the histogram’s body upwards, forming a signal to open long positions. Stochastic is ready to cross the border of the overbought zone upwards, after which the signal to open ling positions will be received.
Key levels
Resistance levels: 1343.85, 1352.34, 1357.00.
Support levels: 1334.73, 1328.16, 1321.57.
Trading tips
Long positions can be opened at the current level with the target at 1352.30 and stop loss 1337.80. Implementation period: 1–3 days.
Short positions can be opened at the level of 1315.49 with the target at 1293.22. Stop loss is 1328.16. Implementation period: 3–5 days.
Use more opportunities of the NPBFX analytical portal: glossary
Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on XAU/USD and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the XAU/USD for a better understanding of the current market situation and more efficient trading.
XAU/USD, D1
On the daily chart the pair is moving sideways within the channel, formed by the upper border and middle line of Bollinger Bands, the price range is narrowing. MACD histogram is in the positive zone, keeping a steady signal to open long positions. Stochastic is in the neutral zone, its lines are pointed upwards.
XAU/USD, H4
On the 4-hour chart the instrument is growing along the upper border of Bollinger Bands, the price range is widened, which reflects the possible development of the upward movement. MACD histogram is in the positive zone, its volumes are growing, and the signal line crossed the histogram’s body upwards, forming a signal to open long positions. Stochastic is ready to cross the border of the overbought zone upwards, after which the signal to open ling positions will be received.
Key levels
Resistance levels: 1343.85, 1352.34, 1357.00.
Support levels: 1334.73, 1328.16, 1321.57.
Trading tips
Long positions can be opened at the current level with the target at 1352.30 and stop loss 1337.80. Implementation period: 1–3 days.
Short positions can be opened at the level of 1315.49 with the target at 1293.22. Stop loss is 1328.16. Implementation period: 3–5 days.
Use more opportunities of the NPBFX analytical portal: glossary
Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on XAU/USD and trade efficiently with NPBFX.