Monday 3rd April 2023: Technical Outlook and Review
Gold (XAU/USD) has been on a bullish trend, with the overall momentum of the chart being bullish. Looking at the chart, the price could potentially make a bullish bounce off the first support and head towards the first resistance.
Friday 31th March 2023: Technical Outlook and Review
XAU/USD sees bearish momentum with potential for a bearish reaction off the 1st resistance and a drop towards the 1st support. The 1st support level is at 1936.00, which is an overlap support and coincides with a 38.20% Fibonacci retracement. If price were to break below this level, it could drop towards the 2nd support at 1910.00, which is also an overlap support and lines up with a 50% Fibonacci retracement.
Thursday 30th March 2023: Technical Outlook and Review
The price of XAU/USD is currently experiencing bearish momentum, indicating that it may potentially move towards the 1st support level. The overall momentum of the chart is bearish.
Australian Daylight Savings: Updated Trading Schedule 2023
Dear Trader, Please find our updated Trading schedule as Australia will end Daylight Savings Time on Sunday , 02nd April, 2023. While trading for most products will remain unaffected, there will be a change in the trading hours of some products.
Wednesday 29th March 2023: Technical Outlook and Review
Gold prices have been exhibiting bullish momentum, supported by the fact that price is currently above the bullish Ichimoku cloud. In the near term, prices could potentially continue to rise towards the first resistance level.
Tuesday 28th March 2023: Technical Outlook and Review
Gold Maintains Bullish Momentum, Could See Continuation Towards Resistance Levels Gold's overall momentum remains bullish, as the precious metal continues to trade above key support levels. Currently, gold is trading at around $1965.00 against the US dollar.
Monday 27th March 2023: Technical Outlook and Review
The XAU/USD chart is currently showing bearish momentum, with potential for a continuation towards the first support level at 1948, which is an overlap support level. If prices were to drop further, they could reach the second support level at 1881, which is also an overlap support level and coincides with the 61.80% Fibonacci retracement level.
Friday 24th March 2023: Technical Outlook and Review
The XAU/USD chart is currently showing a bearish momentum. Price could potentially make a bearish reaction off the first resistance level at 2007 and drop towards the first support level at 1957. This support level is an overlap support and has held prices up in the past.
European Daylight Saving : Updated Trading Schedule 2023
Dear Trader, Please find our updated Trading schedule as Europe will enter Daylight Saving Time on Sunday, the 26th of March, 2023. While trading for most products will remain unaffected, there will be a change in the trading hours of some products.
