XAU/USD Resistance Levels: 1341.50, 1362.00, 1374.60
LiteForex Europe | Aug 28, 2016 01:18AM ET
XAU/USD, D1
On the daily chart, the instrument is falling along the lower line of Bollinger Bands®. The price remains above the EMA50, EMA100 and EMA144 that are directed up. MACD histogram is near the zero line. Stochastic is in the oversold zone and trying to turn up.
XAG/USD, H4
On the 4-hour chart, the instrument is correcting up from the lower line of Bollinger Bands. The price remains below its moving averages that are horizontal. MACD histogram is in the negative zone and its volumes are falling. Stochastic is growing and approaching the overbought zone.
Key levels
The price, most likely, will reverse upward from the lower line of Bollinger Bands on the daily chart. In case of its breakdown, it will give a strong sell signal.
Support levels: 1318.15, 1308.00, 1298.90, 1279.00, 1255.85, 1235.50, 1205.00.
Resistance levels: 1341.50, 1362.00, 1374.60.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.