is end an upward trend xauusd?
Gold price Today XAUUSD,
in the current American trading session, shows a downward trend.
Gold is currently trading at $2504 per ounce.
What is noteworthy is trading below most of the moving average crossings, as can be clearly seen in the chart. For reference, the MACD indicator shows a negative trend, which indicates the emergence of selling power.
Based on this analysis, we can consider a selling opportunity while waiting for the gold price to fall to the target area of $2500 per ounce,
IF over ans stay above 2500 $,
then attack to 3000$ and 3300$ in 1.382 & 1.618 fibo.
Gold price Today XAUUSD,
in the current American trading session, shows a downward trend.
Gold is currently trading at $2504 per ounce.
What is noteworthy is trading below most of the moving average crossings, as can be clearly seen in the chart. For reference, the MACD indicator shows a negative trend, which indicates the emergence of selling power.
Based on this analysis, we can consider a selling opportunity while waiting for the gold price to fall to the target area of $2500 per ounce,
IF over ans stay above 2500 $,
then attack to 3000$ and 3300$ in 1.382 & 1.618 fibo.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.