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XAUUSD Technical Analysis

On the daily chart below, we can see that the big bullish momentum since the collapse of the Silicon Valley Bank has ended. The market now is pulling back after such a strong rally and the most likely support is the trendline where we will also find the 50% and the 61.8% Fibonacci retracement levels. The moving averages are also on the verge of a cross to the downside as the consolidation around the 2000 level has been going on for over a week. XAUUSD technical analysisOn the 4 hour chart below,... Read More

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Xauusd

Technical

Analysis

Forex

Posted: Apr 26 2023, 10:13

Author Name: forexlive

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