GOLD/USD | Gold to US Dollar Trading Analysis
GOLD/USD | Gold to US Dollar Trading Analysis
Written by: PaxForex analytics dept - Thursday, 07 May 2020 0 comments
GOLD/USD quotes continue moving within the framework of correction and formation of the "Triangle" model. At the moment of the forecast publication, the price of Gold is 1698 dollars per Troy ounce, as we can see, the bulls are not able to get fixed above the resistance level. Moving averages indicate that there is a short-term sideways trend.
GOLD/USD, 30 min
Pivot: 1690.80