Gold markets initially sold off on Wednesday but then turned around to show signs of life again as we broke above the $1810 level.
Enter your emailThis is a market that will continue to be noisy, so the most important thing that you can do is be cautious with your trading position and your trading account. markets initially sold off on Wednesday but then turned around to show signs of life again as we broke above the $1810 level.
That being said, the market continues to see a lot of noisy behavior, so I think you are going to have to be cautious with your position sizing. Regardless, I still favor the upside simply because we have more room to run to the upside than the downside. The downside has a lot of support at the $1780 level, and we need to pay close attention to that, but the $1830 level above is the most likely of resistance barriers, as it is the top of the gap.
The $1780 level has been rather important multiple times, so if we do break down below there, I think we might see an acceleration, perhaps a much quicker move then we would to the upside. If we can break above the $1830 level, then it is likely that we could go to the $1850 level over the longer term. In general,
this is a market that will continue to be noisy, so the most important thing that you can do is be cautious with your trading position and your trading account. Gold is more than likely going to be a very noisy and dangerous market, especially as we have two central banks on Friday meeting, and then the jobs number.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU Faces Conflicting Fundamentals as Jobs Report NearsGold prices ended January with a whimper after a promising break above key resistance. Bullion faces conflicting fundamental drivers, but Friday’s US non-farm payrolls report may offer direction. Get your market update from FxWestwater here:
Leer más »
Gold Forecast, News and Analysis - FXStreetCheck our updated for Gold News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News
Leer más »
Gold Price Forecast: XAU/USD reclaims the 200-DMA though is struggling around $1809Gold (XAU/USD) climbs in the North American session as US T-bond yields led by the 10-year benchmark note fall three basis points, undermining the gre
Leer más »
Gold Price Forecast: Seesawing around $1,800 as investors brace with risk-sentimentGold Price Forecast: Seesawing around $1,800 as investors brace with risk-sentiment. Spot gold extended its advance to $1,808.75 a troy ounce, holding nearby after a short-lived slide to 1,797.57 at the US session. Markets Stocks XAUUSD
Leer más »
Gold Price Analysis: XAU/USD underpinned and trading near 200DMA at $1806 as ADP data eyedAs the sharp US dollar downturn continues for a third successive session and with the DXY having shed another 0.5% on the day to drop back below the 9
Leer más »
Ghost Army: Secret WWII tactical unit to receive Congressional Gold MedalThe Ghost Army refers to two units that used inflatable equipment, sound effects, radio trickery, and other deceptions to draw enemy forces away from American units, saving an estimated 30,000 lives.
Leer más »