XAUUSD is Bullish
XAUUSDXAUUSD is bullish
Analysis from the aspect of information
Oil prices soar, risk aversion heats up
On Wednesday, crude oil exports from Russia and Kazakhstan through the CPC Caspian oil pipeline were interrupted, exacerbating concerns about global supply constraints. Oil prices rose again, and market risk aversion rose. European and American stock markets fell and gold prices rose. Today, the focus will be on PMIs from European and American countries and speeches by Fed officials.
technical analysis
Candlestick chart showing an ascending channel
The divergence indicator trend is clearly upward
KDJ indicator golden fork up
Based on the above analysis, XAUUSD is bullish
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