What 1 hr chart says ?
Fundamental Descriptions: Gold was up on Friday morning in Asia and was set for a second weekly gain after the dollar retreated from 20-year highs. Gold has benefited from a strong bearish reversal in the dollar. On May 13 the dollar index hit an apex trading to a high just above 105. In the last nine trading days, the dollar has declined to its current value of 101.775, or a 3.23% decline in value when compared to the basket of currencies that are compared against the dollar.
Technical View: The next critical target is at $1,861, which bulls will have scale on a convincing basis to validate an upside break .
Alternate View: If bears yield a sustained break below the 100-SMA, it will automatically invade the support as well, confirming a downside break.
Technical View: The next critical target is at $1,861, which bulls will have scale on a convincing basis to validate an upside break .
Alternate View: If bears yield a sustained break below the 100-SMA, it will automatically invade the support as well, confirming a downside break.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.