XAUUSD intraday forecast (technical side) 2016-04-26

26 April 2016, 11:50
oleksandr bilokon

Chart: http://bi0l.blogspot.com/2016/04/xauusd-intraday-forecast-technical-side_26.html

Calculated level for today:

Support (S1 / S2 / S3 = 1231,94 / 1229,06 / 1224,38), resistance (R1 / R2 / R3 = 1241,29 / 1244,17 / 1248,84).

Key resistance levels (1st from 1238.75 to 1235.80 at the end of the day 2nd - 1248.68).

Indicator OsMa marked increase in activity bears, which is the basis for planning trading operations for today correction.

Given the state of the Stochastics oscillator, expect a test of key resistance levels, where it is recommended to consider the activity of the parties on the charts of smaller timeframes.

For short-term sales, on condition of formation of reversal (down H4) and breakdown S1, objectives are level S2, S1-w, S3.

Alternative shopping makes sense provided the breakdown (down H4) above (R1, EMA120), with the objectives to R2, R1-w, R3,2-s key resistance levels. 

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