XAUUSD : NF

5 Mar 2018

Hi traders

Here the quick analysis for the week :

• DXY BROKE BEARISH CHANNEL
  
• PA COULDN'T STAY OVER SYMMETRICAL WEDGE WITHOUT GETTING REJECTED STRONGLY
  
• LOWER LOWS, LOWER HIGHS
  
• MACD + RSI DIVERGENCE
  
• VERY TECHNICAL DROP (TOUCHING SUPPORT AND FIB EXTENSIONS NICELY WITH RETRACEMENTS)
  

Here's what I'm thinking for this pair :

XAUUSD SELL
ENTRY : 1320.36
SL : 1329.48
TP : 1281.20

Trade safe!

Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.