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Gold Spot / U.S. Dollar
Long

GOLD DAILY ANALYSIS, BREAKDOWN FOR THE WEEK

By RiosTrades
Price Action (Technical Analysis): After Friday price is still consolidating between our 9 day & 26 Day MA. There is still a lot of buying volume in the market using our Ichimoku Cloud and RSI, indicating Daily Oversold Market. If price continues to fall then I expect buyers to enter the market around 1395-1400. We are in a bullish market and consolidating in 40-60 pip zone so if price does fall below then we have a strong support level ready with horizontal buyer sensitivity.

Fundamental Analysis: None.
Bullish PatternsChart PatternsconsolidationforextradingGoldgreenbackIchimoku CloudTechnical IndicatorslongopportunityTrend AnalysisXAUUSD
RiosTrades

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