XAUUSD intraday forecast (technical side) 2016-05-02

2 May 2016, 12:32
oleksandr bilokon


Calculated level for today:

Support (S1 / S2 / S3 = 1272,65 / 1265,19 / 1253,12), resistance (R1 / R2 / R3 = 1296,79 / 1304,25 / 1316,32).

Key support levels (1st from 1255.98 to 1282.20 at the end of the day, the 2nd of 1267.09).

OsMa marked divergence indicator increased activity and bears, which is the basis for planning of trading operations benefit from correction of sales today.

Given the state oscillators Stochastics, expect a test of calculated resistance levels (R1, R1-w, R1-m, R2), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For short-term sales, on condition of formation of reversal (R1, R1-w, R1-m, R2) and breakdown (up H1), goals are level S2, S1-w, S3.

Alternative shopping makes sense provided the breakdown above resistance (R2), with the objectives to R3.

Share it with friends: