logo |

News

    Home   >     Industry    >     Main body

    Express
    Previous Post： How to Trade Online Next： Attention! A Stunning Fraud with Nearly $4 Million Involved!

    Gold Price Analysis: XAU / USD Approaches 200 Hour SMA

    WikiFX   |   2020/11/23 3:24:30
    Abstract：Gold is currently trading near $ 1,872 an ounce, having nearly tested the 200-hour simple moving average (SMA) of $ 1,876 a few minutes before the press time. Buyers failed to gain a foothold above that average on Friday.

    　　Gold is currently trading near $ 1,872 an ounce, having nearly tested the 200-hour simple moving average (SMA) of $ 1,876 a few minutes before the press time. Buyers failed to gain a foothold above that average on Friday.

    　　Despite the latest rebound from long-standing $ 1,850 support, the immediate bias remains neutral. This is because the decreasing trendline of the hourly chart is still intact. A break above this diagonal resistance would open the doors to $ 1,900.

    　　Chances of a bullish breakout look grim, as prospects for an early coronavirus vaccine rollout currently outweigh fears of economic restrictions to control the second wave of the virus, as evidenced by the rise in equity futures. American. As such, the metal is unlikely to attract strong port demand.

    　　On the downside, the Asian session low of $ 1,868 is the level to beat for the bears. A breach there would bring attention back to the key support at $ 1,850.

    　　

    XAU_USD.png

    　　pic source: fxstreet

    Latest News

    Rate Calc

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  ：
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar

    You may also like

    Select Country/Region

    About Us| Risk Warning| Terms of Use| Privacy Policy| Search call| Official Verification

    You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.

    Feedback WeChat:fxeye005, fxeye003

    Customer Service Phone Number：（中）4006888219;（En）+86 17126630052;（HK）+00852 54200870

    Copyright©2021 Cipher Group Limited All rights reserved.

    License or other information error correction, please send the information to:QA@wikifx.com;

    Cooperation:AD@wikifx.com

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.