Condizioni di trading
Strumenti
Gold extends a decline for the second straight session in the European session. The price refreshes the swing lows near the $1,722 region and maintains downside bias against the US dollar.
At the time of writing, XAU/USD is trading at $1,728.15, down 0.26% on the day.
The US dollar index (DXY) recovers swiftly from the intraday lows around the 92.10 level and is pushing XAU/USD into the lower territory. The upbeat US economic outlook continues to underpin demand for the US dollar.
From a technical perspective, gold has breached the key support around $1,730, the confluence of the previous day low, Fibonacci 61.8% one-monthThe next relevant support is seen at $1,725, where the pivot point one-week S1 lies. The previous week low at $1,721 could offer additional comfort to the XAU bulls. A firm break below the last could trigger a sharp drop toward the pivot point one-day S2 at $1,716. Alternatively, recapturing the $1,730 hurdle is critical to reviving the upside momentum.
The XAU bulls will then need to battle out a dense cluster of resistance levels around $1,735, where the Fibonacci 61.8% one-week coincides with the Fibonacci 38.2% one-dayFurther north, at $1,742 will offer stiff resistance. The previous day high at $1,745 is likely to be a tough nut to crack for the XAU buyers.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.