Gold markets clearly broke out to the upside on Monday, clearing the resistance barrier from the last several days. Trade today: Forex Goldtrading
The shape of the candlestick is something worth paying attention to, and the fact that we closed towards the top of it does suggest that we have further to go. I think at this point time any short-term pullback is probably going to be bought into, as the market has clearly changed its attitude, at least in the short term. This is not to say that we cannot break down from here, just that we probably have plenty of people noticing this behavior.
Looking at this chart, you can see that there is a clear support level underneath at the $1780 level, which has held up quite nicely for a while. If we were to break down below there, it would change everything, but right now it does not look like we are anywhere near testing that, nor does it look like we are suddenly going to get bearish. Because of this,.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gold Price Forecast: XAU/USD to see fresh gains on a break above $1,830-$1832Gold’s recent bounce from the $1,780 area, or the lowest level since December 16, stalled just ahead of the 61.8% Fibonacci level of the fall. As FXSt
Baca lebih lajut »
Gold Price Forecast: XAU/USD bulls attack 200-SMA as yields retreatGold (XAU/USD) stays mildly bid around $1,810, extending Friday’s rebound amid the early Monday morning in Europe. While the US dollar’s lack of abili
Baca lebih lajut »
Gold Price Forecast: XAU/USD grinds higher following US NFP report, steady around $1816Gold (XAU/USD) climbs in the North American session, despite US T-bond yields shooting through the roof after the US Nonfarm Payrolls report smashed e
Baca lebih lajut »
Gold Price Forecast: XAU/USD pulls back before targeting $1,826 and $1,830 – Confluence DetectorGold price is on the back foot on Tuesday after witnessing back-to-back rallies following the stunning US employment data. The renewed uptick in the U
Baca lebih lajut »
Philadelphia Weather: Spotty Monday Showers Ahead Of Warmer, Quieter WeekAfter what has seemed like an extended stretch of extreme cold weather, the Philadelphia region will start the work week with seasonable temperatures in the 40’s.
Baca lebih lajut »