05.12.202206:15 Forex Analysis & Reviews: Trading Signal for Gold (XAU/USD) on December 05-06, 2022: sell in case of pullback at 1,807-1,812 (+2/8 Murray - overbought)

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Early in the European session, Gold (XAU/USD) is trading around 1,798.81 with a bullish bias and it is likely that it could reach the August 10 high at about 1,807.

Last week's US Non-Farm Payrolls (NFP) report showed that the economy added 263,000 new jobs in November, above the consensus of 200,000.

At the moment of knowing this data, the market reacted in favor of the dollar, which caused a fall in gold towards the area of 1,780. The market expects the Fed to soften its monetary policy in the short term. Thus, the market reacted against it and stopped taking refuge in the dollar, which benefited gold.

Gold is likely to face a strong barrier this week, as it has strong resistance between the area of 1,807-1,812.

According to the daily chart, we can see that gold is reaching extremely overbought levels, so we expect gold to have a strong rejection around the area of 1,807 - 1,812. The last barrier around 1,812 is located +2/8 Murray and acts as strong resistance and also represents the high for the month of June.

In case gold falls below 1,812-1,807, we could have an opportunity to sell, with targets at 1,781 (+1/8 Murray) and the 200 EMA located at 1,760 (200 EMA).

On the daily chart, we can see that gold has been trading within an uptrend channel since November 19. The metal is likely to find resistance around 1,810 and the price could fall towards the support zone of 1,750. In case this scenario occurs, gold could find a technical bounce around the 8/8 Murray and then resume its bullish bias.

Our trading plan for the next few hours is to wait for gold to reach resistance levels around 1,807-1,812 and wait for a consolidation to occur below this level to sell, with targets at 1,781 and 1,760. The eagle indicator is showing an extremely overbought signal which supports our bearish strategy.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.