Technical outlook
XAUUSD
:
In the near term, and according to the 4-hour chart, the falling EMAs lead lower, now providing dynamic resistance around $1920.30.
The longer moving averages are still much higher than the shorter moving averages, while providing a downward slope, while technical indicators have bounced from intraday lows but are still in negative territory. pole.
In the end, Wall Street's positive tone finally interrupted USD's rally, helping
XAUUSD
bounce from the aforementioned lows, although modest gains among equities capped the downside. US currency.
XAUUSD
: In the near term, and according to the 4-hour chart, the falling EMAs lead lower, now providing dynamic resistance around $1920.30.
The longer moving averages are still much higher than the shorter moving averages, while providing a downward slope, while technical indicators have bounced from intraday lows but are still in negative territory. pole.
In the end, Wall Street's positive tone finally interrupted USD's rally, helping
XAUUSD
bounce from the aforementioned lows, although modest gains among equities capped the downside. US currency.
Trade active
Stoploss : 1928
Take Profit : 1917
Take Profit : 1912
Take Profit : 1905