XAUUSD is a trading symbol used for the spot price of gold quoted in US dollars. Trading XAUUSD involves speculating on the price movements of gold against the US dollar. Traders can go long (buy) or short (sell) XAUUSD using various trading platforms and...
The price of gold, as represented by the XAU/USD currency pair, has been influenced by a variety of macroeconomic and geopolitical factors in recent years. Some of the key drivers of gold prices include:
Monetary Policy:
Changes in interest rates and monetary policy set...
The Bollinger Band is a popular technical indicator in the foreign exchange market. It consists of a moving average (usually the 20-day moving average) and two standard deviation lines, one above and one below the moving average. The upper band represents the upper standard...
Usdjpy analysis (usdjpy technical analysis) reveals that the company is in a good financial condition with sufficient liquidity and healthy cash flow. However, it has been struggling to keep up with the competition and generate significant revenue growth. The strategy appears to be working...
This recent data would put pressure on the price of Gold and, as we can see from the chart, the price has rejected the $1810.00 level. On the 4hr chart, the price formed a double top pattern with the neckline support level at $1782.00.
If...
In the markets, gold is traditionally seen as a safe haven asset. This is because it doesn’t experience the same volatility as other assets, and it has been a reliable store of value over the years.
When analyzing gold using technical analysis, you can use indicators like the Relative Strength...
