Gold looks vulnerable to further downside as we trade below the 50-day MA. A retracement would be ideal for potential shorts and provide an excellent risk-to-reward opportunity.
Price Action Setups on Gold (XAU/USD)
access_timeNovember 23, 2024
Latest:
- Fed: U.S. government fiscal sustainability tops the list of financial system risks
- USDCHF buyers take the price higher this week after basing at the 50% midpoint at 0.87989
- European shares close higher despite weak data today
- Attack the currency trend: The EURUSD has been stepping lower with more selling today
- USDJPY stalls the fall today and yesterday at the 100 bar MA on the 4-hour chart
- AUDUSD trading near the middle of the range for the week. Some ST bullish.Some ST bearish.
- ECBs Villeroy: ECB is achieving a soft landing
- What technical levels are in play for some of the major currencies vs the USD for Nov 22
- SNB chairman Schlegel: Switzerland needs flexible inflation target, as it currently has
- EURUSD Technical Analysis – The Euro falls to the lowest level since 2022
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