XAUUSD 1Hour Signal Chart

Follow signal progress on the chart below.

SPOT Gold Ounce vs US Dollar 60 minute chart (click on chart to zoom)

XAUUSD Comment

Good evening , This is our view regarding the SPOT Gold Ounce vs US Dollar pair, following the North American session today Monday October the 9th. By: Serena Adams – www.lionsignals.com


The SPOT Gold Ounce vs US Dollar pair, Has surged higher during the North American session this afternoon. With the pair gaining nearly 12833 pips, it continue’s to move down in a strong BULLISH trend as it did in the past days ( view Daily chart below ).
On the other hand, XAUUSD is holding well below the long term 200 days simple moving average (thats why we dont recommend any long trades on the XAUUSD for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BULLISH trend. You should be however, alerted to the BULLISH Pennet Pattern which is emerging on the 1H Chart. It might break down in the direction of main BEARISH Trend on Daily Chart.
CONCLUSION: [We highly recommend to avoid trading XAUUSD for today Monday as we might be dealing with a choppy rising correction for rest of the day.] However As per above general BULLISH trend; Only Short trades to be considered following completion of any counter trend rising correction on the 60-minute chart.

β–² Buy Signal Details

Time Mon 2017.10.09 17:03
Pair XAUUSD
Buy@ β–² 1279.9200
Stop @ 1272.16000
1s TP @ 1295.12000
2nd TP @

No 2nd TP!

SPOT Gold Ounce vs US Dollar Buy signal information table


XAUUSD Chart

XAUUSD Daily Live Chart


(Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving average (red dotted line) on the 60-minute chart,
A Short signal is available now for review on the right
)

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