FX.co ★ CRAZY-TRADER TRADING JOURNAL

XAU-USD PAIR FORECAST Now we have growth on XAUUSD - this is indisputable. But on the other hand - it looks very final to me in the current manifestation. The goal is visible, after its achievement - a decline becomes possible again. Here is how it looks on the daily chart according to the indicator technique: MA100 sets a bullish mood during the week, pulls north at a trend angle of ten degrees. And all candles are currently formed above MA100 - that is, in a bullish market. All three Bollinger bands have now opened up just like a lotus flower - in different directions from each other. This state of the indicator means that a change in the current mood of the movement on XAUUSD is just around the corner. It is also significant what positions the edge bands have now taken: the lower one has gone under MA100 - that is, it is already in a sell-charged market. And the upper band flew beyond the chart cut. And here, I think, it is worth emphasizing special attention - because such a state of affairs means that the bulls are strong, they have not achieved their specific goals. And they will definitely get in the way: either not letting it fall, or - still dragging the price somewhere to the north. Working levels will be the buy / sell marks 2659.86 and 2553.83 When the hourly candle closes behind the level, we enter the deal. For Buy: StopLoss - 2658.86 TakeProfit - 2662.86. For Sell: StopLoss - 2554.83 TakeProfit - 2550.83. Exit the deal only by TP or SL. With other options, the expense part may increase and the profit may decrease.