empty
 
 
29.09.2023 05:10 PM
Gold crashes post US data

The price of gold climbed as much as 1,879 today where it has found strong supply. Now, it has turned to the downside as the Dollar Index rallied. USD's appreciation versus its rivals could force the yellow metal to approach and reach new lows.

Fundamentally, the USD reported mixed data today. The Revised UoM Consumer Sentiment came in at 68.1 points above 67.7 expected, Chicago PMI came in worse than expected at 44.1 points versus 47.5 points , while Core PCE Price Index reported only a 0.1% growth versus the 0.2% growth estimated.

XAU/USD Challenges Key Support!

This image is no longer relevant

Technically, XAU/USD jumped above the downtrend line and reached the 1,879 static resistance. It has turned to the downside after registering only a false breakout with great separation above the S3 (1,876).

Now, it is challenging the downtrend line again. This represents dynamic support, while the 1,857 stands as a static obstacle.

XAU/USD Forecast!

A bearish closure below 1,857 activates more declines and brings new selling opportunities. Only false breakdowns below the immediate support levels may announce a new bullish momentum.

Ringkasan
Segera
Analitic
Ralph Shedler
Mulakan perdagangan
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $6000 lebih lagi!
    Dalam Diseember kami membuat cabutan bertuah $6000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget