Gold is on track to test demand at 1,084

FX:XAUUSD   Gold / US-Dollar
69 0
"The market is expecting, perhaps in March the Fed will have its second interest rate hike. It will lead to a very strong US dollar             , so gold             prices are likely to face pressure."
- Shandong Gold             Group (based on CNBC)

Pair's Outlook
A continuous move away from fixed income and safe-haven assets is putting more pressure on gold             prices. They slid down on Tuesday, by nearing one of the most important support clusters at 1,084/80 represented by the monthly R1 and 55/20-day SMAs. On Wednesday we expect these levels to be tested, but bearish success is not guaranteed for the moment. Given that daily technical indicators estimate a rebound, we cannot rule out such a scenario in the next 24 hours. However, in case XAU/USD             closes below 55-day SMA the focus will switch to the monthly pivot point at 1,065.

Traders' Sentiment

After three days of stability, the distribution between long and short market participants began narrowing again, as the share of the bulls decreased minimally by one percentage point to 54% from 55%.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden