GOLD Technical Analysis break through key levels

GOLD (XAU / USD) Technical Analysis: break through key levels of the final price in the near future

The price of a weekly schedule It stored in the primary multidirectional downward trend, moving in the channel between 1162.71 support level and resistance level of 1232.41.

‘Rev’ line Senkou Span A Ichimoku cloud borders
as a virtual boundary between the primary bearish and bullish primary
trends in the price chart is above the price and close to her, making a U-turn on the primary trend upward quite likely in the coming weeks.

‘Probojnaja’ Chinkou Span line It is located so close to the price that is likely possible to predict a sharp and rapid penetration of the final price of the key levels of support and
resistance when the price moves in either direction:

  • to break the key resistance levels (e.g. 1232.41) with a sharp upward movement rates,
  • and to break through key support levels (eg 1162.71) with a sharp price movement downwards.

GOLD Technical Analysis break through key levels


Trend
:

  • H4 – Rally (local upward trend) inside bearish trend
  • D1 – Rally (local upward trend) inside bearish trend
  • W1 – multidirectional bearish trend
  • MN1 – multidirectional bearish trend

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