empty
 
 
Você está prestes a sair
www.instaforex.eu >
de um site operado pela
INSTANT TRADING EU LTD
Abrir Conta

23.12.202417:04 Forex Analysis & Reviews: XAU/USD. Analysis and Forecast

Relevance up to 06:00 UTC--5
Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Exchange Rates 23.12.2024 analysis

At the start of the European session today, gold attempted to continue its recovery from the one-month low reached last Thursday. However, the risk-on sentiment is acting as a headwind for the precious metal.

Additionally, the hawkish stance from the Federal Reserve continues to support elevated U.S. Treasury yields, boosting demand for the U.S. dollar during pullbacks. This further limits gold's upside, suggesting that traders interested in buying the metal should wait for stronger follow-through buying signals before entering positions.

Today, for additional trading opportunities, attention should be directed to the U.S. Consumer Confidence Index.

Exchange Rates 23.12.2024 analysis

From a technical perspective, negative oscillators on the daily and 4-hour charts signal caution before initiating long positions. Despite the early European session's recovery attempt, any upward movement is likely to remain limited and could be seen as an opportunity to sell at a better price.

  • Immediate Resistance: $2,630
  • Next Resistance: $2,643, coinciding with the 200-period Simple Moving Average (SMA) on the 4-hour chart. This level represents a critical pivot point. A decisive break above it would tilt momentum in favor of the bulls.

Exchange Rates 23.12.2024 analysis

On the other hand:

  • Immediate Support: The $2,616–$2,615 level, regarded as a pullback area, along with the 100-day SMA.
  • Key Level: The psychological support at $2,600. A break below this level could prompt a retest of the monthly low.

Further selling pressure below these levels would serve as a new trigger for bears, paving the way for more significant losses in the near term.

Irina Yanina
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




Agora você está saindo do www.instaforex.eu, um site operado pela INSTANT TRADING EU LTD
Não pode falar agora?
Faça sua pergunta no chat.

Turn "Do Not Track" off