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[QUOTE="riki143, post: 142150, member: 29499"]
[COLOR=#0000ff][B]XAU/USD Daily Analytics[/B]
07:06 23.01.2018[/COLOR]
Recommendation:

SELL $1324 SL $1339 TP1 $1302 TP2 $1280

BUY $1344 SL $1329 TP $1359 TP2 $1380 TP3 $1392

On the daily chart, if XAU/USD renews January high, the risks of its going to 127.2% target of AB=CD will increase. The nearest levels of support are at $1324 and $1302-1306 an ounce.

[IMG]https://fbs.com/img/articles/6397/1516691089-20c6ebb86722ac92f8a505b7903a964b_1200x1200_q90v3.png[/IMG]

On H1, XAU/USD consolidated in the $1324-1344 range. A break of its upper border will trigger AB=CD pattern with a target at 161.8%. On the other hand, successful test of support at $1324 will increase the risks of a correction.

[IMG]https://fbs.com/img/articles/6397/1516691111-e12a637cc937326a9c7981d6dfc46909_1200x1200_q90v3.png[/IMG]

More:
[URL]https://fbs.com/analytics/articles/xau-usd-gold-is-in-the-corridor-6397?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics[/URL]
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