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Gold Spot / U.S. Dollar
Short

XAUUSD rallies into H1 resistance; daily still weak

460
The left chart shows the XAUUSD daily timeframe. Price is in the bearish area, between the lower blue and lower red bands. The right chart shows the XAUUSD hourly. Here the price is rising into resistance (red shaded horizontal). We are looking to see if this is a key level i.e., if price will react at this level. If it does, a bearish cross of the EMAs and stochastic will be considered bearish developments, aligning the short-term traders with the longer-term trend.
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GoldTechnical IndicatorsTrend AnalysisXAUUSDxauusdshort

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GoldTechnical IndicatorsTrend AnalysisXAUUSDxauusdshort
FXCM
Broker
Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.