Gold (XAU/USD) awaits to make a strong rebound

Gold (XAU/USD) awaits to make a strong rebound

Gold has been trading in a negative tone across the board and remains capped by the 200 SMA at H1 chart. The 78.6% Fibonacci level is holding and it seems we could expect a strong support there in order to follow the overall bias towards the -23.6% Fibonacci target at 1375.80. To the downside, if such Fibo level gives up, then the next target would be the 1324.20 level.

RSI indicator remains in the negative territory.



Bitcoin (BTC/USD): a bottom could be found soon?

The bears were the main protagonists during the past week since the price action remained consolidated below the 200-hour moving average and we have seen that the cycle that we mentioned in previous reports could triple, according to our projections in…


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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