Technical analysis of XAUUSD If you look at the gold h1 time frame, the market price is in an uptrend, and gold is rising. Gold prices are in an ascending channel, and prices should break out of the channel bottom at 2622. Gold is currently in an...
Well, here you have it, 1.05. They started to work out the wedge today without working out the fifth wave in the figure. I don’t know what provoked such a movement. It may well be the situation in Syria or Germany with deflation, but gold, for...
The current price movement indicates a downtrend, as the market has been printing lower highs and lower lows. The downward slope of the moving average (red line) further confirms the bearish momentum. Price action is struggling to reclaim higher...
GOLD TECHNICAL ANALYSIS Looking at the candle movement on the H4 timeframe, the trend is still bullish. However, in last Friday's trading, precisely in the London time zone, XAU/USD experienced a fairly strong decline. The decline also continued in...
Let’s consider the chart of the D1 period - the AUDUSD currency pair. The wave structure is still building its order downwards. The MACD indicator is falling in the lower sales zone and below its signal line. For many days in a row, the price was...