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Posted by Micheal Jorden on April 28, 2024 at 9:51am 0 Comments 0 Likes
Posted by Mido Ram on April 28, 2024 at 9:48am 0 Comments 1 Like
كلمات اغنية ناوي فراك ادهم مكتوبة كاملة. ماخذ فراغك كل جزء من يومي مابين تفكيري وكعدتي ونومي. وحقك متعرفني صرت تتكبر لتريده اخذته.…
Posted by Micheal Jorden on April 28, 2024 at 9:48am 0 Comments 0 Likes
This week, Gold slipped to a multi-week low eyeing a test of well-known technical levels. Where could XAU/USD rebound? Gold Technical Analysis XAU/USD trend changes from neutral to bearish Bearish momentum may accelerate below $1,861 Bulls Pullback On September 16,Gold rallied to an over two-week high at $1,973 then retreated after as bulls seemed to cut back. Ultimately, a weekly candlestick closed with a Doji pattern highlighting the market indecision. The Relative Strength Index (RSI) remained flat then crossed below 50 on Monday signaling a possible start of bearish momentum. Gold Daily Price Chart (August 6 – September 23, 2020) On Monday, Gold slipped by 1.7% and closed below the 50-day moving average. The precious metal moved to the lower trading zone $1,861- $1,921 eyeing a test of the low end of it. A daily close below the low end of the zone could encourage bears to press towards the monthly support at $1,796 (Oct 2012 high). On the other hand, a failure to close below the low end of the zone at $1,861 could reverse the current direction towards the high end of the zone. Would you like to trade on live oil prices with a CySEC regulated broker? Chart source, Webtrader, Capex.com Last week, Gold traded below the bullish trendline support originated from the Sep 8 low at $1,906 and started a downward trend creating lower highs with lower lows. To conclude, while the negative bias is still in place a break below $1,847 could send XAU/USD towards $1,818 while a break above $1,944 may trigger a rally towards $1,966. As such, the support and resistance levels underscored on the chart should be monitored closely.
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