Gold Price Forecast: XAU/USD bulls make the most of it ahead of the Jackson Hole – by fx_ross Gold Commodities DollarIndex Fed
had left behind an M-formation on the daily chart, a reversion pattern that would be expected to see the price revert towards the neckline in due course. However, it also suggested that given the over-extension of the latest impulse, the correction will more probably only reach as far as the prior support near a 38.
The W-formation is compelling with the neckline meeting the 61.8% Fibo should the 38.2% and 50% ratios give out. On the other hand, should the 38.2% and 50% hold, given the M-formaiton, the bulls could be encouraged to move in for a deeper correction on the daily chart: 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.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU/USD sees establishment below $1,750 as focus shifts to Jackson HoleGold Price Forecast: XAU/USD sees establishment below $1,750 as focus shifts to Jackson Hole – by Sagar_Dua24 Gold XAUUSD Fed ApparelDurables Inflation
Leer más »
Gold Price Forecast: XAU/USD aims a break above $1,740 ahead of US Durable Goods OrdersGold Price Forecast: XAU/USD aims a break above $1,740 ahead of US Durable Goods Orders – by Sagar_Dua24 Gold XAUUSD Fed Inflation InterestRate
Leer más »
Gold Price Forecast: XAU/USD downside is slowing as price corrects from fresh lowsThe gold price is correcting higher in Asia but remains pressured in the grander scheme of things. It has hardened to $1,746. The focus is on the US d
Leer más »
Gold Price Forecast: XAU/USD to test $1,700 on a close below 50 DMA at $1,744Gold price is consolidating the recent run of declines near four-week lows below $1,750. Will XAU/USD bulls defend the 50% Fibo support? FXStreet’s Dh
Leer más »
Gold Price Forecast: XAU/USD attemps to correct against strong headwindsGold is being kept under pressure at the start of the week, although the gold price is currently off the lows from the day and attempting to correct.
Leer más »
Gold Price Forecast: Strong Dollar, Rising Yields Weigh - Levels for XAU/USDGold has reversed quickly in recent days amid a resurgent USD and rising US Treasury and real yields. Fed Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium may help rekindle the perception of a hawkish central bank.
Leer más »