Facebook
 
 

05.03.202112:01 Ανάλυση και κριτικές Forex: Daily Video Analysis: XAUUSD facing bearish pressure, potential for further downside!

loader

Today we take a look at XAUUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bearish pressure as the MACD is under the 0 line, in line with our bearish bias. Price could potentially reverse at our sell entry level, in line with our 61.8% Fibonacci retracement, and drop further to our take profit level which is in line with our -27.2% Fibonacci retracement.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
Can't speak right now?
Ask your question in the chat.