RoboForex Team
Well-known member
Gold (XAUUSD) forced to retreat as the outlook turns bearish
Gold (XAUUSD) prices have fallen to 4,020 USD. The market is once again focused on oil and the Federal Reserve’s interest rate outlook.
Technical outlook
On the H4 chart, XAUUSD maintains a downward trajectory near 4,023, with prices hovering below the middle Bollinger Band and close to the indicator’s lower boundary, confirming that sellers have the upper hand.
Gold prices are declining due to rising oil prices and expectations surrounding the Federal Reserve.
Read more - Gold Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
Gold (XAUUSD) prices have fallen to 4,020 USD. The market is once again focused on oil and the Federal Reserve’s interest rate outlook.
Technical outlook
On the H4 chart, XAUUSD maintains a downward trajectory near 4,023, with prices hovering below the middle Bollinger Band and close to the indicator’s lower boundary, confirming that sellers have the upper hand.
Gold prices are declining due to rising oil prices and expectations surrounding the Federal Reserve.
Read more - Gold Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
