empty
 
 

Forex Analysis & Reviews: Gold buyer exhausted
time 11.08.2022 09:24 AM
time Relevance up to, 12.08.2022 09:24 AM

This image is no longer relevant

XAU/USD Downside Needs Confirmation!

The price of gold registered a strong growth on the H1 chart but it has signaled exhausted buyers after failing to reach and retest the upside line. Now, it has dropped below the uptrend line which represented a downside obstacle.

The 1,782 historical level (former low) is seen as a downside obstacle as well. Failing to stay above the uptrend line could announce that the uptrend ended and that the rate could develop a new downside movement.

Gold Trading Conclusion!

Dropping below 1,782 may signal a larger downside movement. On the other hand, staying above this level and jumping above the former high of 1,802 may signal an upside continuation.

Ralph Shedler,
Chuyên gia phân tích của InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Giao dịch khôn ngoan, thành công
    Nạp tiền vào tài khoản của bạn với ít nhất $ 500, đăng ký cuộc thi và có cơ hội giành được các thiết bị di động.
    THAM GIA CUỘC THI
  • Ferrari từ InstaForex
    Nạp tiền vào tài khoản của bạn với ít nhất 1.000
    tham gia cuộc thi và giành chiến thắng Ferrari
    F8 Tributo
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Gửi vào tài khoản của bạn 3.000 đô la và giành được 1.000 đô la
    THAM GIA CUỘC THI
  • 100% tiền thưởng
    Cơ hội duy nhất của bạn để nhận 100% tiền thưởng khi gửi tiền
    NHẬN THƯỞNG
  • 55% Tiền thưởng
    Đăng ký tiền thưởng 55% cho mỗi lần gửi tiền của bạn
    NHẬN THƯỞNG
  • 30% tiền thưởng
    Nhận 30% tiền thưởng mỗi khi bạn nạp tiền vào tài khoản của mình
    NHẬN THƯỞNG

Recommended Stories

Forecast and trading signals for EUR/USD on December 2. How this insane trading week will end

On Thursday, EUR/USD went upwards again which cannot be explained by anything. The market carried on selling the US dollar. Previously, we tried to puzzle out what response the market

Paolo Greco 15:21 2022-12-02 UTC+2

AUD/USD Technical Analysis and Trading Tips for December 2, 2022

The focus of today's trading day will be on the release (at 13:30 GMT) of the US Department of Labor's November data report. And we see trader activity and market

Jurij Tolin 13:37 2022-12-02 UTC+2

GBP/USD trading plan for North American session on December 2, 2022. Overview of morning trades. GBP may soar again

In my previous analytical review, I drew your attention to the level of 1.2245 and recommended entering the market from it. Let's have a look at the 5-minute chart

Miroslaw Bawulski 13:23 2022-12-02 UTC+2

EUR/USD trading plan for North American session on December 2, 2022. Traders waiting for US jobs report

In my morning review, I mentioned the level of 1.0536 and recommended entering the market from there. Let's see what happened on the 5-minute chart. While rising to 1.0536

Miroslaw Bawulski 13:13 2022-12-02 UTC+2

Trading plan for US dollar index on December 02, 2022

The US dollar index dropped through the 104.02 lows intraday on Friday, hitting our projected target at 104.30 earlier. The index has pulled back since then and is seen

Oscar Ton 10:37 2022-12-02 UTC+2

Trading plan for EURUSD on December 02, 2022

EURUSD climbed through the 1.0540-45 highs intraday on Friday, almost hitting the projected targets as discussed earlier. The single currency pair is seen to be trading close to 1.0540

Oscar Ton 10:05 2022-12-02 UTC+2

Trading tips for EUR/USD

Yesterday's trading plan was all about increasing EUR/USD to continue the bullish momentum that started after Powell's speech. Plan: There was also a buy signal for the M1 TF, which

Andrey Shevchenko 09:38 2022-12-02 UTC+2

EUR/USD and GBP/USD trading plan and analysis for beginners on December 2, 2022

The unemployment rate in the EU unexpectedly dropped in October to 6.5%, according to the data provided by Eurostat. Notably, analysts expected the indicator to stay at September levels

Gven Podolsky 09:15 2022-12-02 UTC+2

GBP/USD: trading plan for European session on December 1, 2022. Commitments of Traders. Overview of yesterday's trading. GBP up by over 200 pips

Yesterday, a few nice entry signals were made. Let's take a look at the M5 chart to get a picture of what happened. In the previous review, we focused

Miroslaw Bawulski 08:07 2022-12-02 UTC+2

EUR/USD: trading plan for European session on December 2. COT reports. EUR perked up yesterday, poised to assert its strength

Yesterday, EUR/USD generated a few signals for market entry. Let's analyze the 5-minuts chart and try to figure out what has actually happened. In the previous article, I turned your

Miroslaw Bawulski 07:45 2022-12-02 UTC+2
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.