empty
 
 
07.12.2022 08:35 PM
Gold still undecided post BOC

The price of gold rallied in the short term after failing to activate a larger drop. XAU/USD continues to move somehow sideways as the Dollar Index seems undecided. It was trading at 1,786 at the time of writing.

Surprisingly or not, the yellow metal rallied after the BOC's meeting. The Overnight Target Rate was increased from 3.75% to 4.25% matching expectations. As you already know, the RBA increased the Cash Rate from 2.85% to 3.10% as expected yesterday as well. On Friday, the US PPI and Core PPI could have an impact on gold.

XAU/USD Up Channel!

This image is no longer relevant

XAU/USD tested and retested the channel's downside line signaling exhausted sellers and upside pressure. Now, it challenges the upside line and the 1,786 static resistance.

1,787 today's high represents an upside obstacle as well. False breakouts through the immediate resistance, a rejection could announce a new sell-off.

XAU/USD Forecast!

A new higher high, a valid breakout through 1,787 activates further growth and brings new longs. The 1,810 higher high is seen as a potential target if the rate continues to grow.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $5000 lebih banyak!
    Pada November kami mengundi $5000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback