Gold Price Forecast: $1,850 could be a tough nut to crack for XAUUSD bears – Confluence Detector Gold XAUUSD Commodities Confluences Fed
shows that the Gold Price is teasing the $1,855 support area, which is the convergence of the pivot point one-day S1 and the previous low four-hour.
sellers will then look out for the $1,845 demand zone, which is the intersection of the SMA5 one-day and pivot point one-month S1.On the upside, XAU bulls could face initial resistance at around $1,862 on buying resurgence. That level is the confluence of the Fibonacci 38.2% one-day and SMA10 four-hour. The previous day’s high of $1,870 and the previous month’s low of $1,872 will be next on the buyers’ radars.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: Real Yields, Weaker USD and Safe Haven Appeal Drive XAU/USD HigherGold is in a great space at the moment with almost all supporting markers favoring the yellow metal. Get your market update from WVenketas here:
Weiterlesen »
Gold Price Forecast: Bulls maintain the pressure above $1,850XAUUSD Current price: $1,865.83 Market players doubt how aggressive the US Federal Reserve would be. S&P Global PMIs showed that business activity in
Weiterlesen »
Investors are unhappy as the Shiba Inu price continues to decaySHIBA has not produced any profitable returns since February. Shiba Inu price points to a lack of bullish interest on the volume indicator. Invalidat
Weiterlesen »
GBP/USD Price Analysis: Bulls pushing against a key level of resistance, 1.2650 eyedThe price is making it's way higher within the correction of the weekly chart's bearish impulse. Having already mitigated some of the price imbalance
Weiterlesen »