Gold: short-term trade ideas
Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
EUR/USD has failed on the upside
Information is not investment advice
Last week EUR/USD met resistance of the descending 50-week MA (currently at 1.1188). On the D1, we can see that the pair has failed to close above the 200-day MA for every single day since it touched this line on December 12. On Wednesday, the pair closed below the December support line. An attempt to regain higher levels on Thursday was not successful. With the daily Awesome Oscillator trying to make a top, we see the considerable risk of the price sliding down to 1.1080 (50-day MA). The next support is at 1.1065 (100-day MA). Resistance is at 1.1150 and 1.1188.
Elizabeth Belugina
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AUD/USD is looking badly
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
Is gold ready to shoot up?
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
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Gold: short-term trade ideas
Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
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