eva2016

XAUUSD Outlook for August 21st, 2016 week

eva2016 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Weekly chart shows bearish engulfing and MACD divergence indicating pullback which already started.
Price is ranging for weeks however if H4 candle closes below 1332 and new H4 candle opens below that level, then I will Short until 1312.
If it breaks 1312 it will drop to 1294 and 1266 before it continues upward move to 1400+

If price pulls back and H4 candle closes above 1334, then i will Long until 1352, and 1389
Comment:
moved test so it is visible
Comment:
Nice run
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.