Financial market participants continue to sell out and liquidate positions, finding shelter in cash and hardly reacting to the decisions of the authorities, who are trying to support the economic slowdown due to coronavirus, which in turn affects the price of gold. GOLD/USD, 30 min Pivot: 1490.00
The economic support measures promised by different governments have not been able to close off the negatives in the markets. The dollar swap agreement with the major world currencies was launched in September 2008 after the bankruptcy of Lehman Brothers and the collapse of world stock markets. This mechanism was actively used until 2015. However, the large-scale easing of the US Federal Reserve's policy, its plans to repurchase 700 billion dollars of assets and joint actions of the world's largest central banks to provide...
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position 12.0300 Take Profit Level: 12.3800 (3500 pips) If the price rebound from resistance level, you should follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 11.5000...
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position 1.4350 Take Profit Level: 1.4550 (200 pips) If the price rebound from resistance level, you should follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 1.4150 Take...
To date, gold has reversed the downward trend in the medium term. After the break-down of the key levels of 1546, 1590, gold has updated its lows for several months. GOLD/USD, 30 min Pivot: 1507.00
