🔥 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]

Good trading,
Chris Svorcik
Elite CurrenSea

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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...