Gold Price: Poised to challenge a critical support at 1,803.70. Markets welcome US Pres. Biden’s decision to nominate Powell for Fed Chair, Clarida as vice Chairman.
Gold (XAU/USD) defends the $1,800 threshold following the heaviest daily fall in over 10 weeks.
=> Long if 1803 become a fail breakout. That said, the yellow metal picks up bids to $1,817 , 1826 and 1840. It should be noted, however, that gold’s weakness past the DMA convergence, around $1,794-92, will be challenged by the 38.2% Fibonacci retracement (Fibo.)
=> Meanwhile, 50% Fibo. level of $1,817 may challenge gold’s corrective pullback, if any, before the stated support-turned-resistance near $1,840.
Gold (XAU/USD) defends the $1,800 threshold following the heaviest daily fall in over 10 weeks.
=> Long if 1803 become a fail breakout. That said, the yellow metal picks up bids to $1,817 , 1826 and 1840. It should be noted, however, that gold’s weakness past the DMA convergence, around $1,794-92, will be challenged by the 38.2% Fibonacci retracement (Fibo.)
=> Meanwhile, 50% Fibo. level of $1,817 may challenge gold’s corrective pullback, if any, before the stated support-turned-resistance near $1,840.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.