Novox XAUUSD Daily Analysis
the price of gold rose to the high level and fell back on Thursday. Spot gold closed at around US$1846 in late trading. Stimulated by Powell’s speech, spot gold rose to US$1,857.54 per ounce earlier, and then gave up all the gains. Investors are weighing the rise in U.S. Treasury yields and the fall in the U.S. dollar, while waiting for the details of US President Biden's economic stimulus plan.
Spot gold closed the doji yesterday, but today it may break through the range and fluctuate. Today, observe whether gold can rebound again at the first support level at the bottom after falling. You can choose the opportunity to try to place more orders at the bottom support level.
It is recommended to choose a suitable opportunity to enter the market at a low point. Aggressive operators can wait for the gold to return to the vicinity of the 1838 area and enter the market to do more. Stop loss is 10 US dollars and profit is 10 US dollars.
2022-05-17 08:06Gold Price Forecast: XAU/USD balances above $1,820 as DXY cripples, US Retail Sales eyed
2022-05-16 08:05EUR/USD fades bounce off five-year low around 1.0400, EC Growth Forecasts eyed
2022-05-11 08:15Gold Price Forecast: XAU/USD plummets below $1,840 ahead of US CPI, 200-EMA surrenders
- 2021-12-03 08:18
- 2021-12-17 13:18
- 2020-09-03 11:28 The two major AUD-crosses have started to poke their heads above key technical resistance, suggesting that the recent consolidations in August will yield bullish breakouts. The September RBA rate decision and Q2’20 Australia GDP report should bring a boos
- 2020-09-07 09:12