InstaForex

Weekly Gold Analysis using Wave Count.


The Gold has retraced to 161.8 after finding support at 261.8.
xauusdweekly-wave-analysis
The current level may attract sellers. We have establish the Fib level if sellers are serious to take gold down to 261.8.

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Using Trendline confirmation.
xauusdweekly-trendline-analysis
Signals confirmation in Wave points using Bollinger Bands
xauusdweekly-bb-break-out
Daily Overview of the Trendline and Wave count

xauusddaily-tl-confirmationxauusddaily-ema

Break of 100 Fib level is a required confirmation for sell and the the Established TL

The monthly over view
xauusdmonthly-over-all
Any sell signal and Bearish continuation signals with indicators confirmation may a be guide to maximize the trade.
Traders that loves lower time may Trade it in H4 or H1 taking note of KEY support levels.

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