Gold Spot / U.S. DollarUpdated Gold - Decision point for medium-term trend
Technically, pricing is at a critical point before a sharp price_action (maybe to continue for a couple of weeks).
As expected, EMA50 is acting as a support at 1295 level. I am watching EMA10-EMA25 cross for confirmation of direction.
Speeches of FED members this week shall be followed, together with US GDP data to be released on Thursday.
As expected, EMA50 is acting as a support at 1295 level. I am watching EMA10-EMA25 cross for confirmation of direction.
Speeches of FED members this week shall be followed, together with US GDP data to be released on Thursday.
Note
EMA10 crossed EMA25 on daily chart, which favors downward price action. Still to be watched for confirmation of direction.
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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.