Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

XAU/USD - Gold Spot US Dollar

Real-time Currencies
Currency in
USD
Disclaimer
2,321.59
-5.84(-0.25%)
Real-time Data

XAU/USD Discussions

The 1,950 Resistance of the 1H Rectangle broke (RSI # 65.730, MACD # 6.380, ADX # 28.896) and as mentioned on my previous post, that is a bullish break-out call towards the (H)1 MA200 (which is now at 1,996.80 on XAUUSD prices). Attention is needed at 1,970, as it is the 0.50 Fibonacci retracement level of the 2,075 top, so if you see some Resistance there, book the profit. I have to add that this move is against the Initial Jobless Claims, which resulted lower than expected numbers turning DXY higher (which is normally bearish for Gold), stocks lower (as the markets fear it will be a hurdle to further stimulus) and bonds continue higher (which is also normally bearish for Gold). Stay alert as a break below the (H)1 MA50 should turn Gold bearish again on the short-term.
Thank you GG sir! We need more great stuff like this!
Do you offer any sig nal service? I am very interest and have sent you em ail.
 Let's see mate, I'm talking about a pull back because of Stimulus, you are focusing on what will follow after.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.