GOLD Bulls Losing Steam - Short Term

FX:XAUUSD   Gold Spot / U.S. Dollar
387 0 13
Although we don't think so we have to potentially change our bullish bias in Gold             to bearish if 1246s and finally 1232s are taken out and price moves lower. Prices on chart for key target entries.

Keeping an eye in Oil             and Equities as well this week. USD weakness is troublesome.

Note on Weekly Chart, price remained below SMA100 with a noticeable size wick. Daily spinning top is further confirmation of a potential trend shift - not confirmed yet!
Comment: 1232s on the back of Fed's comments proven to remain as support for now - (Resistance levels becoming Support?)...Bullish bias remains with potential correction expected...Below 1232s will shall see targets mentioned on the chart.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out