Hello.
XAU USD is a very expensive asset with an ideal combination of necessary trading properties: liquidity, volatility, technicality. Market spot gold has benchmark liquidity - the asset can be guaranteed to be sold at any time.
Trading instrument gold-US dollar: has a basic value for international currency markets as the final monetary form of any currency; acts as a guarantor of price stability for many world goods as a form of money for commodity transactions; used as the most reliable form of bank, property and government guarantees.
Also for gold, those analysis works great on a stable market, but the XAU USD forecast and gold behavior are always incorrect before the publication of important news - it is better to refrain from trading during this period. The speculative volatility of the XAU leads to quick losses, so it is strongly discouraged for beginners and small deposits to work with it.
Now for those analysis
Gold is trading at 1930 and continues to move within the triangle, the price of which has approached the support level. We have formed a falling wedge pattern inside the triangle. This indicates the presence of a reversal to a bullish trend in Gold. The price of the precious metal is expected to rise and test the upper border area near the 1975 level.
XAU USD is a very expensive asset with an ideal combination of necessary trading properties: liquidity, volatility, technicality. Market spot gold has benchmark liquidity - the asset can be guaranteed to be sold at any time.
Trading instrument gold-US dollar: has a basic value for international currency markets as the final monetary form of any currency; acts as a guarantor of price stability for many world goods as a form of money for commodity transactions; used as the most reliable form of bank, property and government guarantees.
Also for gold, those analysis works great on a stable market, but the XAU USD forecast and gold behavior are always incorrect before the publication of important news - it is better to refrain from trading during this period. The speculative volatility of the XAU leads to quick losses, so it is strongly discouraged for beginners and small deposits to work with it.
Now for those analysis
Gold is trading at 1930 and continues to move within the triangle, the price of which has approached the support level. We have formed a falling wedge pattern inside the triangle. This indicates the presence of a reversal to a bullish trend in Gold. The price of the precious metal is expected to rise and test the upper border area near the 1975 level.
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