Hello Everyone,
Over the past week, there has been a decrease of -0.84% in XAU/USD, but the one-day performance remains positive at +0.10%. Looking at the broader picture, the one-month performance shows an increase of +0.99%, and the three-month performance indicates a substantial rise of +11.60%. Despite these fluctuations, it's noteworthy that XAU/USD appears overbought in higher timeframes.
The overall trend in higher timeframes remains bullish, gaining momentum even in the lower timeframes. Consequently, gold is still considered a viable buy. There is potential for a rebound, either from the daily 20 SMA/EMA (2041.134/2043.328) or the 50 SMA/EMA (2013.328/2014.848).
It's crucial to closely monitor economic indicators, particularly the Thursday CPI report and Friday's PPI reports, as they can significantly impact market dynamics.
If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable.
TradeWithTheTrend3344
Over the past week, there has been a decrease of -0.84% in XAU/USD, but the one-day performance remains positive at +0.10%. Looking at the broader picture, the one-month performance shows an increase of +0.99%, and the three-month performance indicates a substantial rise of +11.60%. Despite these fluctuations, it's noteworthy that XAU/USD appears overbought in higher timeframes.
The overall trend in higher timeframes remains bullish, gaining momentum even in the lower timeframes. Consequently, gold is still considered a viable buy. There is potential for a rebound, either from the daily 20 SMA/EMA (2041.134/2043.328) or the 50 SMA/EMA (2013.328/2014.848).
It's crucial to closely monitor economic indicators, particularly the Thursday CPI report and Friday's PPI reports, as they can significantly impact market dynamics.
If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable.
TradeWithTheTrend3344
註釋
The daily pivot point for gold is currently at 2028.373. If gold fails to surpass this level, there is potential for further downside, indicating a potential decrease in the gold price towards 2010!註釋
Another solid week, have a good weekend everyone!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。