Jump to content

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

MongiIG

By MongiIG,
in Commodities

Recommended Posts

MongiIG Honoured Contributor

MongiIG

Posted
Posted

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
Go to topic listing

  • General Statistics

    • Total Topics
      23,564
    • Total Posts
      96,864
    • Total Members
      44,138
    • Most Online
      7,522
      10/06/21 10:53
    avocadotoast
    Newest Member
    avocadotoast
    Joined 29/11/23 04:20
  • Trustpilot

  • Posts

    • gandalf03
      Are there security measures that CEXs can put in place to cub the activities of hackers?

      By gandalf03 · Posted

      Not just HTX but including others that have been affected with this deficiency IMHO. 
    • gandalf03
      Which other exchange token is worth holding aside BNB

      By gandalf03 · Posted

      I do have similar experience and found a lasting solution to my impatience, yeah cos that's what cost us this kinda costly mistakes. 
    • tradinglounge
      XRP/ U.S. dollar(XRPUSD) Elliott Wave Technical Analysis 29 November 23

      By tradinglounge · Posted

      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.      

Markets

Forex

Indices

Shares

Other markets

IG services

Spread betting

CFD trading

Share dealing

Trading platforms

Web platform

Trading apps

Advanced platforms

Compare features

About Us

How we support you

What we do with your money

How does IG make money?

Professional trading

Contact us

Post topic on Community

Browse Help and Support

Education on Academy

Tweet us @IGClientHelp

UK

IG | Sitemap | Terms and agreements | Privacy | How to fund | Cookies | About IG

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.

The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

© 2003 - 2020

IG | Terms and agreements (UK) | Privacy (UK) | Cookies | Investors | Careers | Marketing partnership

×
×
  • Create New...
us