Quiet market ahead of the big week
Tag - gold
Consolidation of EUR/GBP, bearish EUR/USD and sideways gold with rise potential.
The Middle East tension pushes the market into a cautious mode; oil, gold, and the safe-haven currencies gain.
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
The British pound is going up, while gold is correcting
How to trade gold in 2020?
This week the meetings of the Federal Reserve and the European Central Bank will be in the center of market's attention.
The US-China tensions create the main risk for the markets...
XAU/USD reached resistance of the uptrend channel in the area of 1347.
The main target is 1312.93. The subsequent pullback from this level could lead to another decline in the direction of...
XAU/USD formed a pin bar on W1 — such candlestick usually marks a reversal to the downside.
XAU/USD has been consolidating within the narrowing wedge since 2016.