XAUUSD-Reborn
XAU/USD Technical Analysis Report
Date: 21-11-2024
Summary:
Our analysis suggests that XAU/USD has completed Wave A of a corrective downward move from $2790 to $2536.85, representing a drop of approximately 9.0%.
Technical Analysis:
Daily Time Frame
Wave Count:
- Wave A: Downward ($2790 - $2536.85)
- Wave B: Upward ($2536.85 - $2730)
- Wave C: Downward ($2730 - $2258)
Chart Pattern:
- Descending Triangle
- Flag Pattern
Indicators:
- RSI (14): 40 (Oversold)
- MACD (12, 26): Bearish crossover
- Moving Averages: 50-day MA resistance
Candlestick Patterns:
- Bearish Engulfing
- Dark Cloud Cover
Key Levels:
- Resistance: $2730, $2850
- Support: $2536.85, $2450
Conclusion:
Wave A's completion indicates a potential upward correction in Wave B. Our analysis suggests targeting $2700, followed by a downward move in Wave C to $2258.
Recommendations:
- Short-term traders: Consider buying at $2536.85, targeting $2700
- Long-term investors: Monitor the $2258 level for potential buying opportunities
Risk Management:
- Stop-loss: $2450
- Take-profit: $2700
Disclaimer:
This report is for informational purposes only and should not be considered investment advice.
Date: 21-11-2024
Summary:
Our analysis suggests that XAU/USD has completed Wave A of a corrective downward move from $2790 to $2536.85, representing a drop of approximately 9.0%.
Technical Analysis:
Daily Time Frame
Wave Count:
- Wave A: Downward ($2790 - $2536.85)
- Wave B: Upward ($2536.85 - $2730)
- Wave C: Downward ($2730 - $2258)
Chart Pattern:
- Descending Triangle
- Flag Pattern
Indicators:
- RSI (14): 40 (Oversold)
- MACD (12, 26): Bearish crossover
- Moving Averages: 50-day MA resistance
Candlestick Patterns:
- Bearish Engulfing
- Dark Cloud Cover
Key Levels:
- Resistance: $2730, $2850
- Support: $2536.85, $2450
Conclusion:
Wave A's completion indicates a potential upward correction in Wave B. Our analysis suggests targeting $2700, followed by a downward move in Wave C to $2258.
Recommendations:
- Short-term traders: Consider buying at $2536.85, targeting $2700
- Long-term investors: Monitor the $2258 level for potential buying opportunities
Risk Management:
- Stop-loss: $2450
- Take-profit: $2700
Disclaimer:
This report is for informational purposes only and should not be considered investment advice.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.