Home Forex Markets XAU/USD Gold Forecast: Gold price staged a Jedi rebound, gold bulls and gold price rallying stamina need to pay attention to this important technology

XAU/USD Gold Forecast: Gold price staged a Jedi rebound, gold bulls and gold price rallying stamina need to pay attention to this important technology

by WOOWinvest
0 comment
XAU/USD黄金预测:金价上演绝地反弹,黄金多头和金价上涨后劲需要注意这个重要技术


The XAU/USD gold bear market rally won’t last long; gold’s one-month downtrend channel remains intact.

For all market-moving data releases and events, seeDailyFX Economic Calendar.

Gold fell to1,787Dollar/After a new multi-month low near the ounce, it is back1,828Dollar/ounces, but higher gold prices look set to struggle.The New York Fed manufacturing index released yesterday was-11.6much lower than expected, while the former was17. And U.S. Treasury yields (yields) fell slightly, which gave gold a boost. The U.S. dollar also pulled back earlier in the week, but the lack of conviction and any real follow-through in these moves seemed to indicate a pause rather than a trend reversal.later today (East8District time early morning02:00), Federal Reserve Chairman Jerome·Powell will speak, and the market, as always, must pay attention to his remarks.

🔥Events such as the speech by the chairman of the Federal Reserve will cause fluctuations in the gold market, so how do you learn to judge the important fundamental factors of the gold market to seize the opportunity to trade gold? The manual below will tell you! 👍

The daily chart of gold highlights the major trends and sell-offs over the past month.4moon18bearishInverted hammer linecandle pattern,5moon5Another day came up, and these conditions continued to put downward pressure on gold. Any recent bear market rally has been sold off,4The bearish channel from the beginning of the month remains in place.If this channel is effectively broken, the next resistance level will be concerned1,858Dollar/ounces around.Even50%Fibonacci retracement level of1871Dollar/ounce.If the current bear market rally fails, then yesterday’s low1,787Dollar/oz will come back into play.

👍👍A rare reversal signal like the inverted hammer is a good opportunity to enter the trade!But if you can’t identify and use it in actual combat, you will miss the opportunity to make a profit. Now the DailyFX team has compiled a complete collection of professional candle charts and trend lines! Learn now for free and interpret such an important technical signal yourself!

Gold daily chart – 2022year5moon17day

XAU/USD Gold Forecast: Gold price staged a Jedi rebound, gold bulls and gold price rallying stamina need to pay attention to this important technology

The content on this page is for general market commentary only and may not constitute investment advice of any kind (tax, legal, accounting). This article does not constitute an invitation or recommendation for direct investment in specific financial products. The content is for reference only. Readers should not rely on the information in this document, nor should its actions and omissions be relied upon. We are not responsible for the results of any person’s actions or omissions based on this article. We make no warranties as to the accuracy of the content provided or the adequacy of the information. This article is not intended for distribution within the territory of the People’s Republic of China (excluding Hong Kong, Macau and Taiwan for this purpose), except as permitted by the applicable laws of the People’s Republic of China.

Copyright Notice: Except for the purpose of viewing the information on this website, or as permitted by applicable law or these terms and conditions, no one may copy, use, upload, link, or publicly perform in any way to third parties without our specific written permission , publish or transmit any information or content on this website. We reserve the right to further investigate the legal responsibilities of the relevant actors for the infringing acts of unauthorized reprinting. If you have business cooperation needs such as market promotion and resource exchange, please contact us.

element inside the element. This is probably not what you meant to do! Load your application’s JavaScript bundle inside the element instead.

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy