Today's Strategy Analysis OANDA:XAUUSD Gold weakened because the dollar in the international market skyrocketed in the past few days in the context of the Fed's tight monetary policy. The dollar index gained 0.2%, making gold more expensive for buyers holding other currencies. Reflecting investors' lack of optimism about the gold price outlook, the world's...
Gold price analysis: The 4-hour chart offers a neutral-to-bearish stance as OANDA:XAUUSD develops below all its moving averages, with the 20 SMA providing intraday resistance. Finally, technical indicators are directionless. The Momentum indicator heads nowhere around its 100 line, while the Relative Strength Index (RSI) indicator hovers around 40. ...
Golden comment: The TVC:GOLD pair trades around a Fibonacci level, the 61.8% retracement of the $1,902.62/$1,987.40 rally. Technical readings in the daily chart indicate that the risk skews to the downside as indicators accelerated their slides within negative levels, reaching fresh one-month lows. At the same time, the pair stands below its 20 and 100 Simple...
OANDA:XAUUSD XAU/USD briefly surpassed the 38.2% Fibonacci retracement level of its recovery, measured between $1,902.62 and $1,987.40 at $1,954.88, but remains below the retracement level. 23.6% retracement at $1,967.37, immediate resistance. The daily chart shows that Gold is currently hovering around a bullish 100 Simple Moving Average (SMA), which maintains...
OANDA:XAUUSD Gold prices are seeing 'buying' trading early on Tuesday, after finding new buyers just above the critical support area of $1950. Gold buyers need to be accepted above the 100-day moving average (DMA) resistance turning support at $1,963 on a daily close to extend the recovery from six-day lows. The next upside hurdle aligns with the $1970 static...
TVC:GOLD In the event that the Gold Price still falls through the $1,930 level, the possibility of seeing a drop towards the round figure of $1,900 and then to the yearly low of $1,893 marked in June. Additionally, the support-turned-resistance line has lasted since early July, around $1975 at press time, defending the immediate upside in XAU/USD...
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AUDJPY Forming Symmetrical triangle pattern in 1Day chart, with SUPPORT of 77.922 & RESISTANCE 85.783, LOOK FOR SWING TRADE.
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