empty
 
 
20.01.2023 06:14 PM
Gold: upside continuation signaled

The price of gold dropped a little after reaching 1,937 today's high. Now, it was trading at 1,926 at the time of writing. The bias remains bullish, so temporary retreats should bring us new longs.

Fundamentally, the US reported mixed data yesterday. Today, the US Existing Home Sales came in at 4.02M versus the 3.95M expected. Also, the UK Retail Sales came in worse than expected while the Canadian retail sales data came in mixed.

XAU/USD Retests The Broken Levels!

This image is no longer relevant

Technically, the price of gold dropped after registering a fasle breakout through the 1,935 static resistance. The 1,919 - 1,916 and the upper median line (uml) represent support levels.

As long as it stays above these levels, the yellow metal could resume its growth. Only dropping and closing below 1,916 activates a downside movement and brings new shorts.

XAU/USD Forecast!

False breakdowns below 1,919 could announce a bullish momentum and could represent the next long opportunity. A new higher high, a valid breakout above 1,935 activates an upside continuation and represents a bullish signal.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam Jun kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget