Parliament Brexit Vote is the major event that will affect not only the British pound but market sentiment in general.
Tag - gold
Flash Manufacturing and Services PMI releases will affect the EUR, GBP, and USD.
The day will be highlighted by American economic releases.
XAU/USD ran into the resistance of the 50-day MA in the 1,481.65 area. Learn more!
The bearish bias appears to start losing power. The market reversal upwards is still to be confirmed.
Hopes for a trade deal between the United States and China have returned. Watch the video to get the outlook for the major pairs!
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
If you want to know all the important highlights of the market, watch this video!
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
Welcome to the new week with FBS!
The USD is feeling fine. Discover the key technical levels for EUR/USD, GBP/USD, USD/JPY, and other pairs.
XAU/USD ran into the resistance area around $1,515 which has been limiting the upside since the start of October - gold hasn’t closed above this level on the D1.