XAU USD DROP

10 gru 2018
XAU USD is situated into rising wedge and i think the top of this channel was reached at 1250$.
Stochastic overbought and bear cross is CONFIRMED
If we check RSI it s still dropping,top was reached also
MACD still in bullish zone and need to cool off a litle
First target of this rising wedge can be 0.618 fib which is 1236$ second target 1223$ and final target 1221.83$.
I don t think it will go below this level because we have a strong support from ichimoku cloud

13 gru 2018

Zlecenie aktywne

Touched support line of wedge

14 gru 2018

Zlecenie aktywne

Breakdown

15 gru 2018

Zlecenie aktywne

First target hitted