One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.
Tag - gold
EUR/USD is below 1.09, the AUD is falling after the RBA meeting, and gold formed a "Head and Shoulders" pattern. Learn more!
XAU/USD formed a lower high at 1,535 after rising to 1,557 at the beginning of September.
The move above 1,496 and the psychological level of 1,500 will trigger a bullish scenario for XAU/USD.
XAU/USD has broken above the 50% Fibo of the 2011-2015 decline at 1,480 and the previous August high at 1,535.
The trade war, the key political day in Italy, the Brexit news, and how to trade them.
XAU/USD remains in an uptrend. This week it rose above the key psychological level of 1,500.
XAU/USD soared in June but didn’t manage to get above 1,440. Is there a pattern on the chart?
There are a lot of important releases which will affect the Forex market this week.
XAU/USD, also known as spot gold, rose to the 1,440 area - the same zone that stopped its advance last week.
After its extensive decline last week, the USD can make a small comeback.
A new week has begun! Traders await the meeting of the Federal Reserve, the USD is relatively strong and we take a look at the important levels in EUR/USD, EUR/CHF, GBP/USD, USD/JPY, and gold…