Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Commodities, Stocks, and Indices
Gold Updates by "Solid ECN"
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Solid ECN, post: 206383, member: 83167"] [HEADING=1][JUSTIFY]XAUUSD, flat dynamics in the short term[/JUSTIFY][/HEADING] [JUSTIFY]Gold prices are consolidating during the Asian session, holding near 1920. The day before, the instrument showed a rather active decline, which was caused by another increase in the attractiveness of the US currency for investors. The US dollar is strengthening amid expectations of further tightening of monetary policy by the US Federal Reserve, which may raise the rate by 50 basis points at once during the May meeting. In addition, the demand for the US currency is growing due to an increase in the yield of treasury bonds: for 10-year securities it rose above 2.55% for the first time since May 2019. Return of asset quotes above 1950 will provide stronger support for gold, which may then rush to last week's highs around 1966. In turn, the demand for gold as a safe-haven asset remains quite high amid the escalation of the conflict in Ukraine. Traders are disappointed in the negotiation process and no longer expect that the parties will be able to reach a peace agreement in the near future. It is also worth noting that the London Bullion Market Association (LBMA) and the World Gold Council (WGC) intend to create a blockchain-based database that will allow tracking the origin and movement of gold bars around the world. The initiative is aimed at preventing trading in illegally mined metal. At the moment, the market is recording an increase in the number of bars with counterfeit stamps with logos of large manufacturing enterprises. [B]Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short/ultra-short term. MACD is going down, keeping a fairly stable sell signal. Stochastic, having retreated from its highs, shows an active downtrend, signaling in favor of the further development of "bearish" trend in the ultra-short term. Resistance levels[/B]: 1930, 1952, 1974.2, 2000. [B]Support levels[/B]: 1900, 1877, 1860, 1840.[/JUSTIFY] [ATTACH]20813[/ATTACH][ATTACH]20814[/ATTACH] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…