XAU/USD ran into the resistance of the 50-day MA in the 1,481.65 area. Learn more!
Tag - gold
The bearish bias appears to start losing power. The market reversal upwards is still to be confirmed.
Hopes for a trade deal between the United States and China have returned. Watch the video to get the outlook for the major pairs!
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
If you want to know all the important highlights of the market, watch this video!
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell
A calm trading session with the US-China trade updates in focus
Welcome to the new week with FBS!
The USD is feeling fine. Discover the key technical levels for EUR/USD, GBP/USD, USD/JPY, and other pairs.
Gold had a steep drop on Thursday against the USD, however Friday starts with a strong potential for the bulls