The momentum of gold gives a bullish signal

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In this report we will provide an analysis of the best expected trades for the most important pairs of gold momentum XAU USD and the signals given by the Dow Jones, GBP USD, EURUSD, AUD USD and WTI oil for today.

Gold Analysis XAU USD

In case of trading above the highest price at 1448.00 then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point. 1400 – 1448

Resistance point1558 – 1600

Chart of Gold on 30 min time frame.


Dow Jones 

In case of trading below the lowest price at 27750 then the pair will continue to decline more. We prefer to wait for a small correction before entering short on this pair.

Support point. 25850 – 25390

Resistance point 28890 – 28000

Chart of Dow Jones on 30 min time frame.


EURUSD

In case of trading above the highest price at 1.0880 then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point. 1.0880 – 1.0575

Resistance point1.1163 – 1.1252

Chart of EURUSD on 30 min time frame.

 gold momentum
gold momentum


GBPUSD

In case of trading above the highest price at 1.2204 then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point. 1.2204 – 1.1750

Resistance point 1.2309 – 1.2175

Chart of GBPUSD on 30 min time frame.

 gold momentum EURUSD
gold momentum


USDJPY

In case of trading below the lowest price at 109.35  then the pair will continue to decline more. We prefer to wait for a small correction before entering short on this pair.

Support point.104.43 – 105.05

Resistance point 108.50 – 109.35

Chart of USDJPY on 30 min time frame.

 gold momentum  XAU USD
gold momentum


AUDUSD

In case of trading above the highest price at 0.6670 then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point. 0.6670 – 0.6520

Resistance point0.6796 – 0.6867

Chart of AUDUSD on 30 min time frame.

 gold momentum  XAU USD EURUSD
gold momentum


Oil / WTI

In case of trading below the lowest price at 63.50 then the pair will continue to decline more. We prefer to wait for a small correction before entering short on this pair.

Support point. 53.10 – 50.50

Resistance point58.60 – 63.50

Chart of WTI on 30 min time frame.

 gold momentum  XAU USD EURUSD
gold momentum


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Marowa Al Tujjar
Marowa Al Tujjar
مديرة القسم الصحفي - كاتبة و محررة إقتصادية متخصصة بالعملات الرقمية
BC XTB

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