67 / 100

Briefly on GOLD #XAUUSD:
The first week, in the last 4, closes bearish and below the close of the previous bar. Either the selling is intensifying (which is more logical) or the buyer has overheated and needs to cool down.

The price closes in the range of 2670 – 2630. There are no reasons for the price to leave the range, but most likely, in the near future, all attempts to go up will be aggressively sold off against the outflows of funds (reasons – the US economy, indicating strengthening).
The dollar continues after a very strong NFP report.

On H1 (XAUUSD), the price is consolidating below the key support line (rising) and below the conglomerate SMA, which generally indicates market weakness (a cross is forming).
There will most likely be an attempt to rise and retest the resistance, but the market may move quite quickly into a phase of testing supports and liquidity zones from below.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

Please follow and like us:
Pin Share

By earn

Leave a Reply

INTRADAY BUY PIND FOR 2 SEPTEMBER Stocks With Major Volume and News MUTUAL FUND SIP MONEY TRIPPLE IN 10 YEARS FII DATA 18 SEPTEMBER MIDCAP AND SMALL CAP SHARES SELL