The US dollar waned on hopes for the fiscal stimulus, allowing riskier currencies to move higher, and the Canadian dollar as well.
XAU/USD: how about a buy trade?
Information is not investment advice
XAU/USD formed a “hammer” candlestick on the D1 ahead of the 100-day MA. The price made a higher low on the H4 and now only the resistance at $1 877 separates the precious metal from further gains. The target for buying will be at $1 890 (100-hour MA and 38.2% Fibonacci retracement of the latest decline). Support lies at $1 866, $1 860, and $1 850.
Trade idea for XAU/USD
BUY $1 878; TP $1 890; SL $1 875
Should we expect further lows or it is just the short-term recovery of the Chinese currency? Let’s hear the analysts’ opinions.
Europe's economy is stalling again as rising numbers of Covid-19 infections interrupt the return to normal life.
Fresh news of the US session
USD/JPY is plunging. It may go even lower than where came down to in September. Read the article to set your levels.
European stock markets are seen opening higher Wednesday, helped by increased confidence for a new U.S. stimulus package to boost the world’s largest economy. The White House and Democrats in the U.S.