GOLD/ XAU/USD Analysis. DAILY chart.. week starting: 18th FEB... :D

Here is my DAILY XAU/USD (GOLD) chart...

After my target being hit last week for 350/400 pips on my sell analysis I think we are approaching a support zone..

Support is in around $1590.So i have drawn in the FIB tool from last years highs..

As you can see the non-lag Stochastic is showing potential divergence. I think we can see some buying from these levels upto $1650/70 zones again...

I wont be trading this week, hope everyone has a good one..
thanks
@AstroFX13.com

4 members like this

Comment by Yesboss Eddyking on February 16, 2013 at 9:48pm: Is the non-lag stoch same as normal stoch? and how did u arrive the settings? cos the details give a 27..... but yours is 13....

Comment by Shaun Powell on February 16, 2013 at 10:00pm: Hi Eddy...

This stoc is great. it filters out the noise..i only use it on H1, H4, Daily chart to find hidden divergence

Comment by Yesboss Eddyking on February 16, 2013 at 10:29pm: is it diff from the normal one on mt4 or its customized? how do i get it if its diff please? I noticed its quite precised?

Comment by Kevin Henry Ostermey on February 17, 2013 at 5:41am: Shaun, My gold position to sell is still open to take profit @ $1589 which looks promising. At the end of the day I am still of the opinion that gold is going to find strong support at $1565. Once again Shaun many thanks for all your very valuable input on FXSTREET.COM Shaun! You are a real asset and always impart your trading experiences with fellow traders. Kind regards, Kevin :)))