![]() ![]() ![]() While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.The expeditions begin automatically every Tuesday and last for six days (then they start over with a one day gap, much like PvP tournaments). In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. We work hard to offer you valuable information about all of the brokers that we review. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Currency trading on margin involves high risk, and is not suitable for all investors. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. Ready to trade our Gold price forecast? We’ve made a list of the best Gold brokers worth trading with. Until clarity emerges, the focus remains on establishing a potential bottom in the market. The market is eagerly awaiting central bank actions, as monetary policy decisions could have a substantial impact on gold prices. A breakout above the $1950 level would be significant, while breaking down below the 200-Day EMA could increase selling pressure. The relationship with the US Dollar and the impact of interest rates remain key factors to monitor. The market is currently range-bound between the 200-Day EMA and the 50-Day EMA, hinting at the possibility of an upcoming squeeze. Technical support from the 200-Day EMA and the 61% Fibonacci level played a crucial role in attracting traders. Gold markets witnessed a minor pullback during Monday's trading session but quickly rebounded, driven by value hunters. Until such developments occur, the market is focused on establishing a potential bottom. The potential loosening of monetary policies around the world could serve as a catalyst for a significant upward move in gold prices. In general, global markets are closely monitoring the actions of central banks, as there is a prevailing sense of uncertainty regarding the next steps in terms of interest rate hikes. Conversely, breaking down below the 200-Day EMA, which aligns with the $1900 level, could generate additional selling pressure and potentially lead to a breakdown towards the $1800 level, effectively erasing the previous gains. ![]()
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