Technical analysis of XAU/USD
Tag - gold
XAU/USD is currently consolidating within a triangle on H4 offering a perfect opportunity to trade on a breakout to either direction.
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
Parliament Brexit Vote is the major event that will affect not only the British pound but market sentiment in general.
Hopes for a trade deal between the United States and China have returned. Watch the video to get the outlook for the major pairs!
The market sentiment is off due to the Iran-US tensions.
The economic calendar doesn't provide interesting events to trade on. Let's take a look at the technical setup to get signals. EUR/USD, GBP/USD, USD/JPY, and XAU/USD are under consideration.
American trade balance and ISM Non-Manufacturing PMI may affect the US dollar. As a result, major pairs may change their direction.
American iInflation data may affect the USD. Safe-haven assets are down ahead of the agreement between the US and China.
How to trade during Martin Luther King Jr Day.
The day will be highlighted by American economic releases.