After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
Tag - gold
XAU/USD ran into the resistance area around $1,515 which has been limiting the upside since the start of October - gold hasn’t closed above this level on the D1.
There's a bearish 'Harami', which led to the current decline. Also, we've got an 'Inverted Hammer', but this pattern remains unconfirmed...
XAU/USD has paused its advance in February and since then has been trading in a triangle-like fashion.
It's likely that the market is going to reach the closest support at 1262.05. This level could be a starting point for...
XAU/USD soared in June but didn’t manage to get above 1,440. Is there a pattern on the chart?
XAU/USD, also known as spot gold, rose to the 1,440 area - the same zone that stopped its advance last week.
Is gold predictable now, at all? Let's consider some facts and observations.
Many say gold price has all the reasons to rise in the coming year. Will that be the case? Let's investigate together.
How to trade gold in 2020?
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Concerns about the coronavirus clash with hopes of recovery. Traders await the US jobs data. Watch the video to find out what this means for the major pairs!