Tag - gold

XAU/USD reached resistance of the uptrend channel in the area of 1347.

The most significant event today is the release of the average earnings index for Great Britain at 11:30 MT time.

Find out the key levels for GBP/USD and gold for today

It's likely that the price is going to reach the upper 'Window' (1331.05) in the coming days...

There's a 'Triple Top' pattern, which led to the current consolidation. Also, we've got a bearish 'Thorn', which has been confirmed...

XAU/USD keeps declining after it failed to break above 78.6% Fibonacci retracement in the 1321 area.

Let’s consider the most important events for the upcoming days.

XAU/USD retraced 78.6% Fibonacci of April-August decline.

After the bullish end of the year, the yellow metal has stuck in the range bound market. Let’s find out the fundamental reasons behind it and determine the key levels on the chart.

The trade talks between the US and China are still the main topics for the market. That is why it is recommended to trade USD/JPY and Gold on the market sentiment.

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Gold is at the upper Bollinger band and 50-week MA went below 100-week MA.