While risk-sensitive currencies like AUD and NZD try to figure out whether to close gaps or not, the USD is strengthening versus gold.
Tag - gold
On a daily chart of XAU/USD, the upper border of the downward channel remains the resistance for the pair.
Gold formed a candlestick with a longer upper shadow on D1. Daily Stochastic and MACD are going down.
Last week was very promising for the gold bulls as the price managed to recover after the significant fall towards $1,200. What are the reasons behind this rise and where the gold is heading during this week?
Recommendation: BUY 1225 SL 1210 TP1 1248 TP2 1255 TP3 1263 On the daily chart of XAU/USD, bears couldn't keep the pair within the 1185-1215 consolidation…
Do you want to get clues on the upcoming economic events? Do you want to know what market moves to expect?
On the daily chart of XAU/USD, bears managed to pull the pair to targets of 1-2-3 and "Bat" patterns and return gold within the previous consolidation range of 1185-1215.
How to trade the US dollar index ahead of the FOMC statement and how it will it affect the other currency pairs? Watch the trading plan for today!
On the daily chart of XAU/USD, a retest of the upper boundary of the previous consolidation of 1,185-1,215 supported bulls.
Do you want to get clues on the upcoming economic events?
Recommendation: BUY 1222 SL 1207 TP1 1…
On the daily chart of XAU/USD, the pair keeps reaching targets of “Dragon” and “Crab” patterns.