Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

XAU/USD is scaring buyers

XAU/USD is scaring buyers

Information is not investment advice

XAU/USD formed a lower high at 1,535 after rising to 1,557 at the beginning of September. Gold is currently testing levels below the 50-day MA at 1,494. This is a very worrying development for buyers. The decline below 1,480 will confirm a “Head and Shoulders” pattern and open the way down towards 1,450. The important thing is to wait for the confirmation: we will have to see a daily close below this level. If XAU/USD stays above 1,480, it may try to consolidate in the descending triangle. Recoveries above 1,500 will meet resistance at 1,510 and 1,530. 

XAUUSD.png

Similar

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Popular

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

Choose your payment system

Learn more