xauusd potential reaction
key 18/2 breakline channel ( blue ).
21/5 breakline channel ( red ), from recent sell off.
Triangle target reached, reaction may have started by
breaking the downtrend channel,risen above 10 sma, MACD divergence.
resistance at 20, 50 sma, 50% and 0.618% levels.
An observation regarding the March sell off from 1391,
how the retracement likes the 50% level. ( circle )
potential projection with
targets : 1267(50%), 1280(channel top), 1300(0.382) - downtrend line
key 18/2 breakline channel ( blue ).
21/5 breakline channel ( red ), from recent sell off.
Triangle target reached, reaction may have started by
breaking the downtrend channel,risen above 10 sma, MACD divergence.
resistance at 20, 50 sma, 50% and 0.618% levels.
An observation regarding the March sell off from 1391,
how the retracement likes the 50% level. ( circle )
potential projection with
targets : 1267(50%), 1280(channel top), 1300(0.382) - downtrend line
