Jump to content

Gold Price Shines Despite a Lift in Yields and US Dollar. Where to for XAU/USD?


Recommended Posts

GOLD TECHNICAL ANALYSIS

Gold remains ensconced in a descending trend channel and appears to have stalled.

The price is clustering around the 10- and 21-day simple moving average (SMA). This could indicate a hesitation in momentum for either direction.

Resistance might be offered the at recent peaks of 1,870, 1,910 and 1920. On the downside, support may lie at the prior lows of 1,807, 1,787 and 1,779.

XAU/USD CHART

Chart created in TradingView

--- Written by Daniel McCarthy, Strategist for DailyFX.com

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,564
    • Total Posts
      96,864
    • Total Members
      44,138
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    avocadotoast
    Joined 29/11/23 04:20
  • Posts

    • Not just HTX but including others that have been affected with this deficiency IMHO. 
    • I do have similar experience and found a lasting solution to my impatience, yeah cos that's what cost us this kinda costly mistakes. 
    • Elliott Wave Analysis TradingLounge Daily Chart, 29 November 23, XRP/ U.S. dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triangle Position: Wave ((E)) Direction Next higher Degrees: wave 4 of Impulse Wave Cancel invalid level: Details: the Movement within a triangle pattern XRP/ U.S. dollar(XRPUSD)Trading Strategy: Zigzag pattern correction, we have Wave A completed and prices developing in Wave B before entering a downside move in Wave C, which is likely to test the 0.42987 level. XRP/ U.S. dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bearish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : TradingLounge.com get trial here!         Elliott Wave Analysis TradingLounge 4H Chart, 29 November 23, XRP/ U.S. dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: wave (Z) of triple Corrective Wave Cancel invalid level: 0.52954 Details: : the five-wave decline in Wave c XRP/ U.S. dollar(XRPUSD)Trading Strategy: Zigzag pattern correction, we have Wave A completed and prices developing in Wave B before entering a downside move in Wave C, which is likely to test the 0.42987 level. XRP/ U.S. dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bearish Momentum.      
×
×
  • Create New...
us