Thursday 06th April 2023 Technical Outlook and Review
Looking at the chart, it is possible that price may make a bearish reaction off the 1st resistance level and drop towards the 1st support level at 101.52. This level is a pullback support, which has been significant in the past and could potentially provide a strong support level.
Wednesday 05th April 2023: Technical Outlook and Review
Gold has been showing strong bullish momentum with potential for a bullish break through of the 1st resistance level and rise towards the 2nd resistance level. The overall bias is bullish, with price above an ascending trend line indicating further bullish momentum is on the cards.
Tuesday 04th April 2023: Technical Outlook and Review
Gold has been facing bearish momentum on the chart against the US Dollar, as reflected by the multi-swing high resistance at 1789.00. The overall bias is bearish, and the precious metal could continue to fall towards the first support at 1945.00.
Easter Holidays Trading Schedule 2023
Dear Trader, Please find our Updated trading schedule and general information for the Easter Holidays starting Friday, 07th April 2023 .
Ching Ming Festival Holiday Trading Schedule 2023
Dear Trader, Please find our updated trading schedule and general information related to the Ching Ming Festival (Tomb Sweeping Day) Holiday on Wednesday, April 5th, 2023. All times mentioned below are Platform time (GMT +3)
Anzac Day Trading Schedule 2023
Dear Trader, Please find our updated Trading schedule for the Anzac Day on Tuesday, 25th April 2022 . Times mentioned below are Platform time (GMT +3).
Monday 3rd April 2023: Technical Outlook and Review
Gold (XAU/USD) has been on a bullish trend, with the overall momentum of the chart being bullish. Looking at the chart, the price could potentially make a bullish bounce off the first support and head towards the first resistance.
Friday 31th March 2023: Technical Outlook and Review
XAU/USD sees bearish momentum with potential for a bearish reaction off the 1st resistance and a drop towards the 1st support. The 1st support level is at 1936.00, which is an overlap support and coincides with a 38.20% Fibonacci retracement. If price were to break below this level, it could drop towards the 2nd support at 1910.00, which is also an overlap support and lines up with a 50% Fibonacci retracement.
Thursday 30th March 2023: Technical Outlook and Review
The price of XAU/USD is currently experiencing bearish momentum, indicating that it may potentially move towards the 1st support level. The overall momentum of the chart is bearish.
