Invest at least $250 in D2T to gain lifetime access to our VIP Signals
Get early access to Dash 2 Trade’s Presale. Buy the D2T token now
Existing community of 70,000+ traders
Unlocks access to the leading crypto trading analysis, signals and trading tools
As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more
World class development team backed by Quant developers and VC investors
The price of XAU/USD has significantly increased for about two months. Price action in this market, even at this point, continues to show more upside potential.
Major Price Levels:
Top Levels: $1,909, $1,939, $1,969
Floor Levels: $1,900, $1,880, $1,860
XAU/USD (Gold) May Regain Upside Traction from Here
On the daily market, the XAU/USD price action seems to be making efforts to advance its further price above the $1,900 mark. Over the past three trading sessions prices in this market have continued in the path of a rebound off the upper limit of the Bollinger band indicator. However, this trading session has brought some hope to Gold price staying above the $1,900 mark. A green candle has just formed to indicate the activities of bull traders, pushing the price to $1,909. At this point, both the MACD and the Stochastic RSI indicators, however, have yet to significantly pick up on this development.
XAU/USD (Gold) Approaching Price Upside Move Continuation
Moving to the 4-hour market, it could be seen that the above-perceived development seems to be getting stronger. A trading session ago, price action took off from the lower limit of the Bollinger band, and in this session, the upside move has continued to advance. Also, the RSI lines are now approaching a crossover in the oversold region, at roughly 16 and 14 levels of the indicator. At the same time, the MACD is now revealing that the downward momentum is getting weaker. Consequently, traders can prepare to see the XAU/USD price move toward the $2,000 mark.
Do you want to take your trading to the next level? Join the best platform for that here.
- 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
