Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Technical Analysis from IFC Markets
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="IFC Markets, post: 199394, member: 18359"] [HEADING=1]Recommendation for Gold:Buy Buy Stop: Above 1808.53 Stop Loss: Below 1781.11 [/HEADING] [TABLE] [TR] [TD] Indicator[/TD] [TD] Signal[/TD] [/TR] [TR] [TD] RSI[/TD] [TD] Neutral[/TD] [/TR] [TR] [TD] MACD[/TD] [TD] Buy[/TD] [/TR] [TR] [TD] Donchian Channel[/TD] [TD] Neutral[/TD] [/TR] [TR] [TD] MA(200)[/TD] [TD] Buy[/TD] [/TR] [TR] [TD] Fractals[/TD] [TD] Neutral[/TD] [/TR] [TR] [TD] Parabolic SAR[/TD] [TD] Buy[/TD] [/TR] [/TABLE] [HEADING=1]Chart Analysis[/HEADING] [IMG]https://ifccd.net/uploads/image/tanalysis/new/6463b5b58d05c3c8865120bcc4806a8d8d3b0315.png[/IMG] The technical analysis of XAUUSD price on the 4-hour timeframe shows XAUUSD,H4 is retracing after breaching above the 200-period moving average MA(200) which has tilted down. We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 1808.53. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1781.11. After placing the pending order the stop loss is to be moved every day to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (1781.11) without reaching the order (1808.53) we recommend cancelling the order: the market sustains internal changes which were not taken into account. [HEADING=1]Fundamental Analysis[/HEADING] The August US CPI report indicated the headline inflation ticked down to 5.3% over year from 5.4% in July. Will the XAUUSD price continue rising? Current technical setup is bullish for XAUUSD. The Bureau of Labor Statistics reported yesterday the annual inflation rate in the US eased to 5.3% in August from a 13-year high of 5.4% reported in June and July, in line with market expectations. Last Friday data showed US producer prices posted another record increase in August: producer price index (PPI) jumped 8.3% from August 2020, not seasonally adjusted, the biggest increase since the data was first collected in November 2010. Both CPI and PPI indicate inflation pressure is high in US economy as it is recovering after the start of COVID epidemic as the central bank eased it monetary policy. And while policy makers had suggested they were considering tapering of purchases of bonds as inflation pressure built up, the recent data pointing inflation has probably peaked. This lessens the odds of an abrupt tightening of US monetary policy, which is also bullish for XAUUSD. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…