XAU has broken the resistance level of the Falling Wedge pattern, which opens the instrument for a possible bullish movement.
If this scenario fulfills, the price might try to reach levels of around 1885.7, in the opposite scenario, the price might fall to 1825.
MACD indicator is confirming the bullish outlook with the histogram being above 0, while RSI is indecisive and is below the neutral line.
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If this scenario fulfills, the price might try to reach levels of around 1885.7, in the opposite scenario, the price might fall to 1825.
MACD indicator is confirming the bullish outlook with the histogram being above 0, while RSI is indecisive and is below the neutral line.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.