Gold price (XAU/USD) picks up bids to refresh intraday top near $1,755 heading into Wednesday’s European session. In doing so, the precious metal prices cheer the broad US Dollar weakness, as well as cautious optimism in the market. However, anxiety ahead of the all-important speech from Fed Chair Jerome Powell seems to test the bulls.
How we generate our signals
Getting accurate market update and analysis is key factor to achieve professional level of trading. Keep visiting our currency section to get perfect overview of trading market. We provide accurate trading forecast to our page visitors.
We use technical summary which provides overlook of market situation. These are parameters to identify market condition and direction. Traders required comprehensive analysis to spot a right trade.
A currency correlation is a gradation by which one pair have relation to another pair. The currency correlation is characterized on a numeric scale ranging from -1 to +1, in the same manner as the correlation coefficient. The values of numeric included in a currency correlation show the level of association.
XAU/USD SELL SIGNAL
- Entry point = 1763.000
- Exit point (Take profit) = 1758.000
- Exit point (Stop loss) = 1768.000
STATUS: CLOSED 110 PIPS PROFIT @1752.00