generate negative signal for extension towards next pivotal supports at 1183/80 (23/24 Aug higher base / Fibo.8 of 1160/1214 upleg). Res: 1194; 1199; 1203; 1206, sup: 1187; 1183; 1180; 1172, interested in xauusd technicals? WTI trading tips for today: Buy according to the pattern in Additional Zone.11.03. Take Profit: 1192, Target Zone 1181.7 1178.6. At least, I dont see any sell patterns. XAG/USD, xAG/USD, trading, sell according to the pattern from Intermediary Zone.29.25. Broken 20SMA (1194) should limit upticks and keep bearish near-term bias.
XAU/USD Technical Outlook: Gold Prices Search for Support
US Crude Oil, lets look at the local trend. XAU/USD, on a smaller time-frame, we can single out a descending priority with a target at 1181.7 1178.6. Gold, spot, gold fell to 2 1/2 week low at 1187 on Tuesday, as traders migrated from riskier assets into. But theres no signal to open short positions either. The short-term trend is downward. Check out the key levels. I recommend you to look for buys during the corrections towards strong supports, Additional Zone.11.03 and Intermediary Zone.34.18.
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