XAU/USD. Analysis and Forecast
The recent unsuccessful attempt to find support above the $4,250 level and the subsequent decline favor the bears. However, positive technical oscillators on the daily chart indicate that any downturn.
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XAU/USD. Analysis and Forecast
Gold climbed to a six-week high on Monday, although it did not show strong follow-through buying. From a technical perspective, overcoming and sustaining above $4,250 would provide a new stimulus.
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Gold seems to have the opportunity to continue the strengthening toward its nearest resistance level.
[Gold] With both EMAs which still intersects the Golden Cross and the RSI in the Neutral-Bullish level, Gold has the potential to strengthen today. Key Levels 1. Resistance.
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[Gold] Buyers appear to still dominate Gold at this time, as indicated by the Golden Cross formation of the EMA(50) and EMA(200). Although there is also potential for a limited.
XAU/USD. Analysis and Forecast
Gold's strong rally yesterday, along with its tilt toward the rising 200-period Exponential Moving Average (EMA) on the 4-hour chart, confirmed the bulls' advantage in the market. The positive oscillators.
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We present to you the daily updated section of market analysis prepared by professional analysts of InstaSpot Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
