Storm Gone, Back To Technical Trading Again.

Published 02/13/2018, 03:37 AM
XAU/USD
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US500
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DX
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GC
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BTC/USD
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Gold is using a weaker USD to climb higher. Technically, we are in positive territory, very close to the legitimate buy signal. What we have so far is a daily pin bar bouncing from the horizontal support on the 1307 USD/oz. What we are still missing is the breakout of the upper line of the flag formation.


S&P 500 defended an up-trendline and stopped the panic from spreading. Currently, we are trying to correct the recent mayhem. I must say that buyers are doing pretty well. As long as we stay above the 2560 points (green area) the sentiment remains positive.


Bitcoin recently has been very respectful on the horizontal levels. The price bounced from the support on the 6000 USD and aimed the recent one at 8.7k USD, which was positively tested as a resistance. As long as we stay below 8700 USD (green), the sentiment towards the BTC is still negative and we have high chances for testing the 6000 points area again.

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