Technical Analysis – Gold erases gains but neutral structure has still a bullish tilt



Gold saw its bullish fortunes evaporating near the 200-day simple moving average (SMA) and the 1,800 level last week, with the price erasing its latest exciting rebound to meet the 20-day SMA at 1,759.

Although the quick pullback was not enough to dissolve the broader neutral structure formed between the 1,835 and 1,721 boundaries, negative risks have not entirely faded yet.  Particularly, with the RSI set to cross below its 50 neutral level, the MACD hovering within a narrow range marginally below its zero line, and the Stochastics pointing southwards again after printing a new lower high, the odds for a meaningful rally are looking low at the momentum.

Yet, with the price having pinned a higher low at 1,722 at the end of September, the horizontal trajectory has still a bullish tilt. 

Nevertheless, a clear close below the tentative supportive trendline seen at 1,745 is epxected to trigger the next bearish round. If that’s the case, the price could retest September’s low of 1,722 and the long-term dashed restrictive line before diving towards the 5-month low of 1,680.

On the upside, a sustainable move above the 200-day SMA and the resistance trendline at 1,795 is required to raise buying confidence up to the 1,835 ceiling. Should the bulls claim the latter, the rally could accelerate towards the 1,870 barrier, while higher, all eyes will turn to the crucial 1,900 – 1,916 territory.

In brief, gold could remain at a disadvantageous position in the next couple of sessions, though traders may not consider significant selling engagements unless the bears press the price below the 1,745 – 1,711 area.  


最新新聞

Technical Analysis – GER 40 moves sideways after retreating from all-time high



Technical Analysis – USDCAD eyes critical resistance border



Technical Analysis – GBPJPY sets a foothold but bears still around

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明