Candy_Trading

Candy_Trading Updated 

🔸The daily technical setup for Gold prices suggests that a recovery could be imminent before the new downtrend resumes. The 14-day Relative Strength Index (RSI) indicator is deep in oversold territory, warranting caution for Gold sellers. 🔸Failure to find acceptance above the $1,850 barrier could consolidate selling interest around Gold prices. Immediate support...

Candy_Trading Updated 

🔸According to the 4-hour chart, XAU/USD is oversold, however technical indicators continue to be almost vertical and near the intraday low, suggesting selling pressure remains quite strong. 🔸The supportive factor, to a greater extent, is offset by solid expectations that the Federal Reserve (Fed) will maintain its hawkish stance and continue to tighten its...

Candy_Trading Updated 

🔸 Yesterday, the gold price touched 1900 and in the past, the price had reacted very strongly in this area. 🔸 OANDA:XAUUSD is hitting its downside target as selling momentum dries up. 🔸 On the one-hour chart, gold prices hold below the Moving Averages (EMA) of 34 and 89. 🔸 Meanwhile, the Relative Strength Index (RSI) is in the bearish zone below 50,...

Candy_Trading Updated 

🔸The 10-year US Treasury yield regained traction and rose to 4.6%, sending OANDA:XAUUSD lower. 🔸USD hit a new 10-month high and continued to receive support from the longer-term Fed story, combined with the Fund's net selling of Gold, causing The consequences are more serious for Gold. 🔷The price range of 1900$ - 1903$ is quite nice to set up a Sell...