Gold (XAU/USD) Gann Fibonacci Techical Levels for 5tth Nov

As discussed in the last analysis, US500 Dollar Index and Gold analysis for 1st Nov

Bulls Strong above 1518 for the Target of 1527 1536

Bears will get control below 1509 for the Target of 1499 1490


XAU/USD Gann Hourly Chart :




XAU/USD Hourly Gann Fann
XAU/USD Hourly Gann Fann 


XAU/USD Fibonacci Levels :



XAU/USD Fibonacci Levels
XAU/USD Fibonacci Levels 


Fibonacci retracement levels of High and Low , 1536 and 1459 is

78.6% at 1519 which is a crucial resistance for Bull.


On Daily Chart Hanging man candle was seen. Which is a sign of trend reversal?


The downtrend will confirm as we close below 1509 on 4-hour chart.  


Bulls need to close above 1519 for the next upper levels.


Bears will try to push towards 1495 below 1509.



Intraday 5th Nov :


Sell below 1509 for the Target of 1502 1495


Buy above 1519 for the Target of 1527 1536

Contact for Join VIP Telegram Channel:https://t.me/UltimateForexSupport


Post a comment

0 Comments