We notice that we are in an upward correction and there is an increase in the buying momentum, and we have a divergence at the bottom
Gold is less attracting to investors as US bonds yield higher interest. Any Gold-backed security/crypto could be then affected by this event causing their price to go down as least demand.
Gold will be in move next. So keep it in watch and the direction can be in one of these two possibilities. Rgds.
As you can see from the chart, there is all chances to continue the upward trend up to 1960 and stay within the average price band. The target - 1960. I believe in practicality, indicators work (usually). So we will see. __ Sincerely, AJV
In order to the offline gold market on this week end, Tether Gold future Touched the 1837.9. so XAUUSD change to reach above 1830 in Monday Asian season and fall hard again to reach 1798. Good luck
With series of HH and HL Gold seems to rise against USD keeping in view falling Crude prices. BUY with SL: 1770.
Gold has completed a wave of growth to the level of 1980.66. Today the market is trading in a correction to 1929.50. After that, we expect the development of one more wave of growth to the level of 1993.10 with the prospect of working off 2000.00. Next, consider the probability of a correction to the level of 1955.50.
Why is gold money? Why do central banks always deny gold is not money but they accumulate gold every year and build solid vaults against atomic bombs to protect gold? The nature of money is only paper, it has no intrinsic value. Gold is a non-oxidized chemical element, a popular jewelry for thousands of years. Cryptocurrencies (virtual currencies) are only stored...
Forecast XAU / USD quotes continue to move as part of the growth and formation of the inverted Head and Shoulders model. At the time of the publication of the forecast, the price of Gold is 1732 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines down, indicating pressure from asset sellers. At...
GOLD PRICE INCREASE IN COMING DAYS IF BLUE LINE UP FROM RED LINE IN STOCH OR HULL RETURN GREEN .THERE IS GOOD DIVERGENCE FOR LONG .IT CAN TOUCH 1700 . Thanks for watching! Feel free to support my idea with a like and follow for more market insight!
Hey Traders, You can see in the chart that gold moves again with the price up after the bearish movement in the last weekend. While the market isn't stable yet so short is the best choice until now. Technical analysis works well most of the time but NOW the fundamental plays big role in Forex. Wish you all the best!