empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

20.08.202114:37 Forex Analysis & Reviews: GOLD Price Outlook, 20 August

Exchange Rates 20.08.2021 analysis

XAUUSD recovered some losses after yesterday's decline. Now, it is trading at 1,785. In the absence of significant news, the US dollar index (DXY) remains the only indicator of the pair's moves.

If the price passes the initial resistance level of 1,789.42, it could test the next higher at 1,795.71.

Gold prices have stalled having bounced to retest the familiar congestion area clustered around the 1800/oz figure. A pullback from here sees initial support in the 1755-65 zone, marked by another long-standing inflection region as well as the 38.2% Fibonacci expansion.

Breaking lower with confirmation on a daily closing basis puts the 50% Fib at 1717.42 into focus, followed by the 2021 bottom in the 1670-80 area. The 61.8% expansion acts as reinforcement here. Alternatively, securing a breach above resistance may bring a test of the 1830-40 sector.

Alternatively, if the price reverses, then it could reach the first support level of 1,778.85.A pass below the first level can move the price up lower toward 1,770.62.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Jan Novotny,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.