Latest Contributor Reports

Technical Analysis

XAUUSD Intraday Analysis

Typography

XAUUSD (1287.16): Gold prices fell sharply yesterday with little to no retracement. However, the doji candlestick formed on the 4-hour chart and the subsequent bullish close could suggest some upside. Further declines, if any could send gold prices down to the lower support established at 175 - 1274 level. At the initial test of support, gold prices could see a short term bounce. To the upside, any gains are limited to the resistance level and potentially the breakout level from the rising wedge pattern.

Orbex
At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading.
More from the author