MARKET NEWS

Latest Articles

    Featured Articles

    Filter By Topic
    Baxia Markets
    By
    April 04, 2022

    Gold starts moving laterally

    technical analysis top header -01

    The precious metal is entering a consolidation period and trades within a 2% range between the 38.2% and 50% Fibonacci retracement, the price trades below the short-term moving average line but above the long-term one.

     

    The Bollinger bands are wide but they are starting to move downwards, which indicates a possible downtrend, the support level is at $1,912 while we found resistance at $1,949, and the price might continue to move sideways in the short term.

     

    Gold April 4th 2022

     

    The relative strength index is at 50% which will allow the pair to have a breakout in either direction in the medium term, the price is very likely to continue moving in the direction of the potential breakout. Our parabolic SAR indicator suggests that the price will start a downtrend in the short term.

     

    We love to hear new ideas from traders and want to know what you think! 

     

    If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.

     

    Try Risk-Free Demo  

     

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 

     

    Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

    precious metals, commodities, trading conditions, technical analysis, trading indicator

    Subscribe by Email