empty
 
 
Chystáte sa opustiť
www.instaforex.eu >
webovú stránku, ktorú prevádzkuje
INSTANT TRADING EU LTD
Otvoriť účet

30.10.202416:44 Forex Analysis & Reviews: XAU/USD. Analysis and Forecast

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Exchange Rates 30.10.2024 analysis

Gold continues to reach new all-time highs. The demand for haven assets, driven by the risk of further geopolitical tensions and uncertainties surrounding the U.S. presidential elections, remains a key factor supporting the precious metal.

Additionally, the drop in U.S. Treasury yields is keeping dollar bulls defensively positioned below the three-month high set on Tuesday, providing further support for gold. However, growing expectations that the Federal Reserve will proceed with limited rate cuts due to a stable economy prevent bulls from opening new long positions in gold. This is confirmed by the RSI (Relative Strength Index), which shows mild overbought conditions.

Traders are advised to wait for key U.S. macroeconomic releases that could provide new signals on the Fed's interest rate outlook, potentially offering a significant catalyst for XAU/USD.

Despite this, the fundamental backdrop still favors the bulls, suggesting that any meaningful corrective decline could be viewed as a buying opportunity.

From a technical perspective, breaking through the weekly trading range to establish a new all-time high is seen as a new trigger for bulls. The subsequent upward movement could lift gold prices to resistance at the ascending trend line stretching from early July, around the $2,783-2,785 level, now acting as a strong barrier given the slightly overbought RSI on the daily chart. Should gold hold firm above this barrier, XAU/USD could reach the $2,800 level.

On the other hand, a corrective decline would find strong support near the breakout point of the trading range, around $2,750. Further selling could make gold vulnerable to a drop to intermediate support at $2,730, with a path toward $2,715. Below that, the key $2,700 level may open the way to the next significant support zone around $2,675, potentially moving down to $2,655, shifting the trend in favor of the bears.

Exchange Rates 30.10.2024 analysis

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.




Teraz opúšťate stránku www.instaforex.eu, ktorá patrí spoločnosti INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off