Gold Price Forecast: Uptrend intact if bruised ahead of the FOMC meeting Gold XAUUSD SEO
Tuesday March 21 marked the first day where traders scaled back their Futures positions following three consecutive days of increased open interest, the term used to describe the volume of open positions in the Futures market.
Nevertheless, Gold price has now broken out of its rising channel, which is a bearish development. The Relative Strength Index momentum indicator has tracked price lower and is actually diverging when compared to where XAU/USD was when it last dipped. Nor are there any signs on the 4-hour chart of a bullish reversal forming, so in the very short-term the trend looks a little bearish.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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/USD bounces off weekly low, trades above $1,940 ahead of FOMCGold Price Forecast: XAU/USD bounces off weekly low, trades above $1,940 ahead of FOMC – by hareshmenghani Gold Commodities Fed CentralBanks XAUUSD
Leer más »
Gold Price Forecast: XAU/USD to head gradually toward $2,055/75 – SocGenGold has embarked on a steady up move. Economists at Société Générale expect the yellow metal to enjoy further gains toward the $2,055/75 region. Rece
Leer más »
Gold Price Forecast: XAU/USD bears are stepping in below $2,000The Gold price is carving out a topping pattern below the highs of the $2,000s that were scored at the start of this week. At the time of writing, Gol
Leer más »
Gold Price Forecast: XAU/USD grinds beyond $1,940 support, banking crisis, Federal Reserve in focusGold price (XAU/USD) struggles for clear directions around $1,980, following a pullback from the yearly high above $2,000, as markets slip into the ca
Leer más »
Gold Price Forecast: XAU/USD to see another run higher on a sustained break above $2,000Gold price consolidates previous losses. XAU/USD has more room to the upside on acceptance above $2,000, FXStreet’s Dhwani Mehta reports. Retracement
Leer más »
Gold Price Forecast: Pullback from yearly highs continues as Credit Suisse rescue soothes marketsGold price pulls back from its yearly high as global banking jitters pass (for now) and US Treasury yields find a floor, supporting a stronger US Doll
Leer más »