For Traders

Analytical Reviews

Technical analysis

27.08.202119:14 Forex Analysis & Reviews: Gold Breakout And Upside Continuation!

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Gold has managed to jump higher as the US Dollar has depreciated aggressively in the last hours. Powell's dovish remarks about the economic outlook at the Jackson Hole Economic Symposium crashed the Dollar. The yellow metal takes advantage of this situation and is almost about to escape from a major chart pattern.

The risk-off sentiment dominates the markets right now. XAU/USD challenged a dynamic resistance. DXY's further drop could help the price of gold to resume its upwards movement. The US data have come in mixed, Gold has slipped lower after these figures, reaching 1,784.96 today's low.

XAU/USD Shines Again

Gold has managed to jump above the first warning line (WL1) of a major descending pitchfork. It was trading at the 1,812 level at the time of writing. Confirmation of the current breakout signals that XAU/USD could resume its growth. The major upside target is seen at 1,900 psychological level.

Outlook

Stabilizing above the first warning line (WL1) signals an upside continuation. Gold was trapped between the warning line (WL1) and the upper median line (UML) within a down channel. Escaping from this pattern signals more gains.

Voltar a lista

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.