Chance for XAUUSD/XAGUSD to reach 79.374 level soon

5月16日

Fib projection off today's move against possible retrace suggests continued move to 79.374 level in next few trading sessions. The downward trend line appears to suggest the same with a downward sloping bearish pennant.

5月16日

ノート

The RSI indicator for XAUUSD appears at max further supporting this view in favour of silver.

5月16日

ノート

See chart by Whit3BoyRob of Gold Spot/ U.S. Dollar with RSI at max

5月17日

ノート

Reached 78.793 level.

5月17日

ノート

Next targets:

78.447
76.244
75.167
72.x