XAUUSD intraday forecast (technical side) 2016-05-10

10 May 2016, 13:27
oleksandr bilokon

Chart: https://bi0l.blogspot.com/2016/05/xauusd-intraday-forecast-technical-side_10.html

Calculated level for today:

Support (S1 / S2 / S3 = 1260,75 / 1254,56 / 1244,54), resistance (R1 / R2 / R3 = 1280,78 / 1286,97 / 1296,98).

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

Indicator OsMa marked increase in activity bears on the breakdown and key levels (up H4 broken, S1-weekly), which is the basis for planning of trading operations benefit from correction of sales today.

Given the state oscillators Stochastics, expect a test levels (down MN broken, EMA24, S1-weekly, EMA120), 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 purposes is equal S1, S2, S3.

Alternative shopping makes sense on condition of formation of rollback level (down MN broken), with the objectives resistance levels R1, R2, and breakdown the aim to R3. 

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