A break above 1.3945 and the high from last week at 1.3958, targets 1.3977 high from October 2022 |
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The 100/200 hour MAs come in at 1.3583. The 200 day MA comes in at 1.3589 and the falling 200 bar MA on the 4-hour chart comes in at 1.3598. The price is currently below ALL those MAs.
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The low yesterday stalled near the 100 bar MA on the 4-hour chart at 1.36604. The price is above the 200 bar MA as well at 1.3684. Staying above gives a bullish tilt to the pair.
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#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:38 Technical Analysis with Optimal Entries.
2:08 Upcoming Economic Data.
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#trading #futures #commodities
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The Bank of Canada meets next week and the odds for a cut increases.. What are the technicals telling traders in the pair?
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