empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

28.11.202315:05 Forex Analysis & Reviews: Gold accumulates more bullish energy

The yellow metal is trading at 2,015 at the time of writing. It has changed little in the short term but the bias remains bullish. USD's depreciation versus its rivals forced the XAU/USD to jump higher. You already know from my previous analysis that Gold remains under strong upside pressure after failing to take out the immediate uptrend line.

XAU/USD moves sideways as the traders are waiting for the US CB Consumer Confidence data before taking action. The indicator is expected at 101.0 versus 102.6 in the previous reporting period. In my opinion, poor US data should boost XAU/USD.

XAU/USD Undecided!

Exchange Rates 28.11.2023 analysis

As you already know from my analysis yesterday's analysis, XAU/USD is bullish as long as it stays above the uptrend line. 2,017 stands as a key static resistance.

On the other hand, the uptrend line and 2,005 represent downside obstacles. Technically, staying near the uptrend line may announce exhausted buyers and a potential breakdown.

Gold Outlook!

Testing and retesting the uptrend line followed by a bullish closure above 2,017 activates further growth. This is seen as a buying opportunity.

Only a new lower low, dropping below 2,005 brings new shorts.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.