XAUUSD H4 | Bearish reversal off 50% Fibo
Kind
Bearish Reversal
Desire:
Tag is drawing near our pivot point at 1931.09 which is an overlap resistance that aligns with the 50% Fibo retracement. Tag may perchance possibly possibly additionally then change into bearish and head in direction of the 1st make stronger stage at 1912.25.
Replacement self-discipline:
If imprint breaks above the pivot point, imprint may perchance possibly possibly additionally potentially head upwards to the 1st resistance at 1956.72, or earlier than the 78.6% fibo retracement stage.
To chat about this procuring and selling conception, head over to Tickmill Merchants Club the put you can additionally secure exclaim secure entry to to our team of world-class analysts.
Disclaimer: The cloth offered is for knowledge functions handiest and may perchance possibly possibly no longer be considered as funding advice. The views, knowledge, or opinions expressed in the textual yelp material belong exclusively to the creator, and no longer to the creator’s employer, organization, committee or varied crew or particular person or company.
High Possibility Warning: CFDs are complex devices and advance with a excessive threat of losing money suddenly on account of leverage. 72% and 71% of retail investor accounts lose money when procuring and selling CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. It’s most likely you’ll perchance possibly possibly possibly additionally peaceful bear in mind whether or no longer you tag how CFDs work and whether or no longer you can indulge in the funds for to take the excessive threat of losing your money.
Desmond Leong runs an award-a success compare firm (The Technical Analyst finalists 2018/19/20 for Most effective FX and Equity Analysis) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accepted merchants, he takes in the marketplace day-to-day using a combination of technical and main diagnosis.
Title
XAUUSD H4 | Bearish reversal off 50% Fibo
Kind
Bearish Reversal
Desire:
Tag is drawing near our pivot point at 1931.09 which is an overlap resistance that aligns with the 50% Fibo retracement. Tag may perchance possibly possibly additionally then change into bearish and head in direction of the 1st make stronger stage at 1912.25.
Replacement self-discipline:
If imprint breaks above the pivot point, imprint may perchance possibly possibly additionally potentially head upwards to the 1st resistance at 1956.72, or earlier than the 78.6% fibo retracement stage.
To chat about this procuring and selling conception, head over to Tickmill Merchants Club the put you can additionally secure exclaim secure entry to to our team of world-class analysts.
Disclaimer: The cloth offered is for knowledge functions handiest and may perchance possibly possibly no longer be considered as funding advice. The views, knowledge, or opinions expressed in the textual yelp material belong exclusively to the creator, and no longer to the creator’s employer, organization, committee or varied crew or particular person or company.
High Possibility Warning: CFDs are complex devices and advance with a excessive threat of losing money suddenly on account of leverage. 72% and 71% of retail investor accounts lose money when procuring and selling CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. It’s most likely you’ll perchance possibly possibly possibly additionally peaceful bear in mind whether or no longer you tag how CFDs work and whether or no longer you can indulge in the funds for to take the excessive threat of losing your money.
Desmond Leong runs an award-a success compare firm (The Technical Analyst finalists 2018/19/20 for Most effective FX and Equity Analysis) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accepted merchants, he takes in the marketplace day-to-day using a combination of technical and main diagnosis.
