🔥 Gold, XAU/USD Analysis & Setups November ’18 🔥
Gold (XAU/USD) is testing the 50% Fibonacci retracement level of a wave 4. A bearish bounce could confirm the wave 4 and indicate a bearish breakout as part of a wave 5. A bullish break above the 50% Fib and round level at $1250 however could indicate a bullish break back to the previous top. Check out our education & research page at ECS.
Check out the video for the full analysis and trade plans on November 2018:
- EUR/USD, GBP/USD technical analysis
- Review of patterns, trends, key S&R levels
- Explanation of potential trade ideas both up and down
- Beginner friendly, explaining concepts in more detail
See the video below for all of the details[youtube https://www.youtube.com/watch?v=rY4_QTOSyJc]