Gold price plunged late on Tuesday in the aftermath of a hotter-than-expected US inflation report that exceeded estimates and prompted a jump in US Treasury bond yields. Then the yellow metal tumbled more than 1%, and the XAU/USD traded at $2,157.00 per troy ounce.
From a technical point of view, the daily chart for the XAU/USD pair shows the pair finally began correcting extreme overbought conditions, although that does not dismiss the chance of a higher high. The pair trades above the 23.6% retracement of the latest bullish run measured between $1,984.03 and $2,195.22, at $2,145.17.
Technical indicators head south but remain within the overbought territory, while the bright metal keeps developing far above its moving average. The 20 Simple Moving Average (SMA) heads firmly north at around $2,071, just a handful of $ above the 61.8% retracement of the aforementioned rally and a potential bearish target should the USD gain momentum.
Gold now buy 2157
Target 2162
Target 2166
Target 2170
Target 2200
SL 2140
From a technical point of view, the daily chart for the XAU/USD pair shows the pair finally began correcting extreme overbought conditions, although that does not dismiss the chance of a higher high. The pair trades above the 23.6% retracement of the latest bullish run measured between $1,984.03 and $2,195.22, at $2,145.17.
Technical indicators head south but remain within the overbought territory, while the bright metal keeps developing far above its moving average. The 20 Simple Moving Average (SMA) heads firmly north at around $2,071, just a handful of $ above the 61.8% retracement of the aforementioned rally and a potential bearish target should the USD gain momentum.
Gold now buy 2157
Target 2162
Target 2166
Target 2170
Target 2200
SL 2140
Nota
Gold buy 30 pips runningNota
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Gold buy 40 pips runningNota
Target 1 Hit 50 pips done ✅Nota
Gold buy 60 pips runningNota
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Gold buy 70 pips runningNota
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🔥 What You’ll Get:
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✅ Also We Will Guide You
Telegram channel 👇🏻👇🏻
t.me/xauusd_pro_signal_7
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Telegram channel 👇🏻👇🏻
t.me/xauusd_pro_signal_7
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Also We Will Guide You
Telegram channel 👇🏻👇🏻
t.me/xauusd_pro_signal_7
t.me/xauusd_pro_signal_7
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Also We Will Guide You
Telegram channel 👇🏻👇🏻
t.me/xauusd_pro_signal_7
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.