Tag - gold

XAU/USD: let’s buy gold
XAU/USD: let’s buy gold

On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.

EUR/GBP: will the pair go up or down?
EUR/GBP: will the pair go up or down?

On the daily chart of EUR/GBP, bears managed to pull the pair to targets of the “Shakeout-fakeout” pattern and push it further to the bottom line of the long-term consolidation within 0.87-0.902.

Gold will continue to consolidate
Gold will continue to consolidate

On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.

What are the scenarios for gold?
What are the scenarios for gold?

On the daily chart, XAU/USD is consolidating in the 1185-1210 range. A break of its upper border will trigger a “Crab” with a 161.8% target.

XAU/USD: gold is afraid of the wedge
XAU/USD: gold is afraid of the wedge

On the daily chart, XAU/USD bulls are still hoping to form a “Crab” with a 161.8% target. To begin with, they need to conquer 1209 (23.8% of the bearish wave).

XAU/USD: gold is attacking
XAU/USD: gold is attacking

XAU/USD keeps trying to reach 161.8% and 200% targets of “Crab” and AB=CD. To enter a long position, use the “Three touches” strategy.

Can gold hope for the rally?
Can gold hope for the rally?

At the end of the previous week, gold rose the most in five months after the Fed’s chairman Mr. Powell gave a dovish speech at the Jackson Hole Symposium.

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