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Tag: Technical analysis

Gold Price Analysis: XAU / USD Looks Firmer Around $ 1,900 / oz

Gold Price Analysis: XAU / USD Looks Firmer Around $ 1,900 / oz

Gold prices regain traction and hover around the $ 1,900 area. Weekly support appears to have appeared at the $ 1,880 zone. The US stimulus bill and the pandemic take center stage Wednesday. Precious metal troy ounce prices They regain some of the ground lost after Tuesday’s sharp setback and manage to regain the key […]

DXY Price Analysis: Minor Resistance Appears at 93.90

DXY Price Analysis: Minor Resistance Appears at 93.90

The DXY recovery appears to have been exhausted near 93.70. Higher up, the 93.85 / 90 band emerges. After bottoming out at the 93.00 area earlier in the week, the US Dollar Index (DXY) recovered some buying interest and managed to advance to the 93.70 region on Wednesday, where it lost some for now. The […]

GBP / USD Price Analysis: 100 hour SMA limits rally after Brexit news

GBP / USD Price Analysis: 100 hour SMA limits rally after Brexit news

GBP / USD remains stable above 1.29 after choppy moves. The 100 hourly SMA limits the recovery attempt from the trend line support. Brexit news will dominate price action ahead of the Johnson-von der Leyen meeting. The pair GBP/USD has witnessed a move of almost 100 pips in the last few hours, in the wake […]