Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650
Gold (XAUUSD) Long-term Trend: Bearish
Gold price is in an upward move. The upward move is facing an initial obstacle at the $1,800 resistance zone. On the upside, if price breaks above the resistance zone, the Gold price will be above the moving averages. In other words, the bullish trend zone is where prices tend to rise. However, the market is being rejected below the moving averages which suggests a possible decline. The bulls are likely to face stiff opposition above the recent high.
Daily Chart Indicators Reading:
The market has fallen to level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and 50-day SMA are sloping downward indicating the downtrend.
Gold (XAUUSD) Medium-term bias: Bearish
On the 4 hour chart, the Gold price is correcting upward. The bulls could not break above the $1,800 overhead resistance. Therefore, the Gold price is consolidating below the overhead resistance. Meanwhile, on August 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or level $1,816,63.
4-hour Chart Indicators Reading
Gold is above the 50% range of the daily stochastic. It indicates that the market is in the bullish trend zone. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.
General Outlook for Gold (XAUUSD)
XAUUSD price is in an upward move. The uptrend is stalled below the $1 800 overhead resistance. Gold price is facing rejection at the 21-day SMA. XAUUSD is likely to be in a downward correction for a few more days.
You can purchase crypto coins here. Buy Tokens
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus