24.03.202319:49 Forex Analysis & Reviews: XAU/USD: bullish bias intact above 1,966

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

XAU/USD registered strong growth but now it has found strong resistance and it could retreat a little. It's trading at 1,981 at the time of writing. The bias remains bullish despite temporary drops.

Fundamentally, the price of gold could drop in the short term after the US Flash Services PMI came in at 53.8 points above the 50.3 points expected, while Flash Manufacturing PMI jumped from 47.3 points to 49.3 points whereas analysts had expected a drop to 47.0.

Gold Rally Stopped By 1,998!

XAU/USD tested and retested 1,998 registering only false breakouts. Now, it seems very heavy. It could approach and reach the uptrend line and the 1,966 former low. These are seen as downside obstacles.

Technically, as long as it stays above the uptrend line, the bias remains bullish and it could resume its growth.

XAU/USD Forecast!

False breakdowns below the immediate support levels should announce a new bullish momentum. This could represent a new long opportunity. A valid breakout above 1,998 activates further growth and is seen as a bullish signal.

A valid breakdown below 1,966 and through the uptrend line validates a larger drop. This is seen as a selling opportunity.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.