Gold Continue Maintains Uptrend Along
The price of gold is gently declining below $2,350 in Wednesday's Asian trading session, following its new record high of $2,365 on Tuesday. Gold traders seem to have pocketed profits after a relentless rally and ahead of the highly anticipated release of the US CPI inflation data.
On the 4-hour chart, overbuying pressure has begun to weigh on XAU/USD. Technical indicators remain at multi-month highs, albeit losing some upward momentum, yet failing to clearly define a temporary bottom.
Simultaneously, this currency pair continues to advance along the Simple Moving Average (SMA) lines, with no signs of giving
On the 4-hour chart, overbuying pressure has begun to weigh on XAU/USD. Technical indicators remain at multi-month highs, albeit losing some upward momentum, yet failing to clearly define a temporary bottom.
Simultaneously, this currency pair continues to advance along the Simple Moving Average (SMA) lines, with no signs of giving
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.