XAUUSD intraday forecast (technical side) 2016-03-31

31 March 2016, 02:12
oleksandr bilokon
Calculated level for today:
Support (S1 / S2 / S3 = 1222,61 / 1217,66 / 1209,64), resistance (R1 / R2 / R3 = 1238,66 / 1243,61 / 1251,64).
Key level (1st from 1225.35 to 1229.63 at the end of the day, the 2nd of 1229.41 to 1232.10).
Indicator OsMa marked increase in activity bears to return to key levels, which is the basis for planning trading operations for today correction.
Due to the third point (up H1) and the state of OS Oscillators Stochastics, expect a test levels (up H1, EMA24), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.
For short-term purchases, on condition of formation of reversal signals (up H1), the objectives are equal R1, R2, R1-w, down H1, R3.

Alternative sales make sense provided the breakdown (up H1), the key levels and depreciation for S1, S2, S1-w, S3


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