Chance for XAUUSD/XAGUSD to reach 79.374 level soon

16 thg 5

Fib projection off today's move against possible retrace suggests continued move to 79.374 level in next few trading sessions. The downward trend line appears to suggest the same with a downward sloping bearish pennant.

16 thg 5

Ghi chú

The RSI indicator for XAUUSD appears at max further supporting this view in favour of silver.

16 thg 5

Ghi chú

See chart by Whit3BoyRob of Gold Spot/ U.S. Dollar with RSI at max

17 thg 5

Ghi chú

Reached 78.793 level.

17 thg 5

Ghi chú

Next targets:

78.447
76.244
75.167
72.x