XAUUSD intraday forecast (technical side) 2016-05-12

12 May 2016, 12:59
oleksandr bilokon


Calculated level for today:

Support (S1 / S2 / S3 = 1268,16 / 1264,79 / 1259,35), resistance (R1 / R2 / R3 = 1279.05 / 1282,42 / 1287,87).

Key level (1st from 1262.57 to 1267.81 at the end of the day, the 2nd of 1276.07 to 1271.61).

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

Given the state of OB oscillators Stochastics, expect a test of 2 key levels and S1, where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For short-term sales objectives are level S2, S3.

For shopping, subject to reversal formation, objectives and key resistance levels (down H4). 

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