OANDA:XAUUSD Gold price (XAU/USD) remains at intraday lows as it wins a two-day bullish streak while justifying a strong US Dollar and China concerns.
According to our Technical Confluence indicator, Gold price retreats from the top of the $1950 and $1970 trading range as market participants prepare for the first data/event scheduled for the week. This.
On the...
OANDA:XAUUSD The 14-day relative strength index (RSI) heads north above the midline while the sloping 21 DMA is set to cross the 50 DMA to the upside, suggesting Bull Cross.
Technical indicators still favor Gold buyers in the near term.
On the downside, immediate support awaits at the intraday low of $1970, below which the 100 DMA of $1966 will come into play....
EURUSD Sell trade opportunities
Overall it's a sell trend that recently reverse from the resistance line here is a very good opportunity to sell the trade on the resistance area with good risk rewards
i made this analysis by seein in 1hour and 15mins you can ask how it can be a swing lastly i had a entry on gold that took 3.5 days to hit my tp so thats the volatility and the sentiment movement of that pair i dint do any sentiment analysis and some fundamentals because my technical analysis itself going too good you can buy again in the retracement or buy now...
