XAUUSD intraday forecast (technical side) 2016-05-27

27 May 2016, 03:42
oleksandr bilokon


 Calculated level for today:

Support (S1 / S2 / S3 = 1217,89 / 1214,10 / 1207,95), resistance (R1 / R2 / R3 = 1230.18 / 1233,97 / 1240,11).

Key resistance levels (1st from 1223.08 to 1225.67 at the end of the day, the 2nd of 1234.87 to 1229.18).

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

Given the focus Stochastics oscillator, expect a test of 1-key level and, where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For short-term sales, reversal formation, goals are even S1, S2, S3.

For alternative shopping, breakdown provided above (down D1), goals are the second and the key resistance levels (down H4).

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