Inizia
reyrockstreet

Gold: Bears now eye the $1,201 50% retracement

Short
Oro / Dollaro (OANDA:XAUUSD)  
reyrockstreet Aggiornato   
OANDA:XAUUSD   Oro / Dollaro
Trend Analysis fundamental_trading_ideas fundamentales fundamental-analysis fundamentalgold
3
0
trendanalysis fundamental_trading_ideas fundamentales fundamental-analysis fundamentalgold
  • Gold is stationary in Asia on Monday as the markets consolidate with a US holiday to get through before key events such as US CPI will hit the slate.
  • Gold has been suffering on higher US rates and the recent Fed comments which have been supporting the upside bias in the dollar.

If bears can stay below the 50-D SMA now at 1210, having broken the 38.2% target and the 30th Oct stick's lows at $1,212, the next key target is the $1,201 50% retracement. Bulls will need to get back above the $1229 (key pivot) area that then opens $1243 (Oct. 26 high) before the $1250 (psychological level) and the July high $1,266.
Trade chiuso: obiettivo raggiunto
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.