17.11.202205:57 Forex Analysis & Reviews: Trading Signal for Gold (XAU/USD) on November 17-18, 2022: sell below $ 1,771 (21 SMA - overbought)

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Early in the European session, Gold (XAU/USD) is trading at around 1,769.79 with a bullish bias but showing a strong degree of exhaustion.

The last candles formed on the 4-hour chart show that gold reached a very strong resistance zone around 1,781 (+1/8 Murray).

On the chart above, we can see that it is trading below the 21 SMA. If the price falls below this level, it could reach 8/8 Murray located at 1,750 and could even fall towards the 200 EMA located at 1,694.

XAU/USD seems to be breaking the uptrend channel which has been in progress since early November but with little force. We should expect a sharp drop below 1,771 towards the support of 1,750 to confirm a likely change in trend.

On November 15, the Eagle indicator reached the extremely overbought zone. The indicator is now giving a negative signal. If gold settles firmly below 1,781 in the next few hours, it will be considered an opportunity to sell with targets at 1,750 (8/8), 1,718 (7/8) and 1,687(6/8).

Our trading plan for the next few hours is to sell below 1,771 with targets at 1,750 and the psychological level of 1,700. The eagle indicator is giving a negative signal which supports our bearish strategy.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.