The risk-off sentiment helped the gold to extend its rebound from $1071.22 per ounce to reach yesterday $1109.36 per ounce spiking above its daily SMA100, before residing for trading below it now near $1100 per ounce.
The demand for safe haven could drive the gold up in the beginning week of the year to reach $1112.75 which has been its highest reached level since last Nov. 4 but it retreated again failing to maintain a place above its daily SMA100.
Despite the retreating to $1071.22, XAUUSD could maintain existence above its daily SMA50 and it could also have its daily Parabolic SAR (step 0.02, maximum 0.2) below for 14 consecutive days reading today $1080.46
The gold could rise for trading above this indicator, after having a higher bottom at $1057.98 following maintaining existence above $1046.08 by rising from $1047.46 on last Dec. 17.
XAUUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region but it a closer place to its overbought area above 80 reading 72.532 leading its signal line which is reading now 65.490.
Important levels: Daily SMA50 @ $1076.40, Daily SMA100 @ $1116.22 and Daily SMA200 @ $1134.05
S&R:
S1: $1071.22
S2: $1057.98
S3: $1046.08
R1: $1112.95
R2: $1123
R3: $1138.05
Have a good day
Walid Salah El din
Chief Tech Analyst of Trade-24
The demand for safe haven could drive the gold up in the beginning week of the year to reach $1112.75 which has been its highest reached level since last Nov. 4 but it retreated again failing to maintain a place above its daily SMA100.
Despite the retreating to $1071.22, XAUUSD could maintain existence above its daily SMA50 and it could also have its daily Parabolic SAR (step 0.02, maximum 0.2) below for 14 consecutive days reading today $1080.46
The gold could rise for trading above this indicator, after having a higher bottom at $1057.98 following maintaining existence above $1046.08 by rising from $1047.46 on last Dec. 17.
XAUUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region but it a closer place to its overbought area above 80 reading 72.532 leading its signal line which is reading now 65.490.
Important levels: Daily SMA50 @ $1076.40, Daily SMA100 @ $1116.22 and Daily SMA200 @ $1134.05
S&R:
S1: $1071.22
S2: $1057.98
S3: $1046.08
R1: $1112.95
R2: $1123
R3: $1138.05
Have a good day
Walid Salah El din
Chief Tech Analyst of Trade-24
The gold resided for trading again near $1100 per ounce
Aucun commentaire:
Enregistrer un commentaire