简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Gold Price rebounds from two-month lows. A good selling opportunity? FXStreets Dhwani Mehta reports.
Gold Price eyes acceptance above Fibonacci 23.6%
“XAUUSD has recaptured the $1,902 hurdle, which is the Fibonacci Retracement (Fibo) level of the correction from April 18 highs of $1,998 to the two-month troughs of $1,872. If bulls manage to find a strong foothold above the latter on a daily closing basis, then the recovery could extend towards the April 26 highs of $1,911. Further up, the Fibo 38.2% of the same decline at $1,921 will challenge the bearish commitments.”
“The 14-day Relative Strength Index (RSI) is edging higher but remains well below the midline, suggesting that the bearish bias remains intact in the near-term. Also, a bear cross confirmed Wednesday is in play, adding credence to the resumption of the downtrend.”
“Selling resurgence could see a retest of the daily lows at $1,892, below which the April 27 low of $1,881 will be targeted. Thursdays low of 1,872 will be the level to beat for XAUUSD bulls should bears keep their sights on the $1,850 psychological barrier.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Asset tokenization is the innovative process of transforming rights to both physical and digital assets into digital tokens on a blockchain.
In recent years, the Middle East has emerged as a dynamic Forex trading hub, fueled by the region's growing economy, technological advancements, and increasing investor sophistication. This article explores the legality of Forex trading in key Middle Eastern countries.
According to the SEC’s complaint, filed on September 27, 2024, in the U.S. District Court for the District of New Jersey, Westbrook engaged in this activity between January 2019 and August 2020.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.