Gold

So far in 2020, the GOLD has been the best market to trade. Buy the dip has been the best possible scenario. We still have that scenario playing out.

1560 zone is a possible bounce spot. If the market makes a retracement to 1560 zone watch for a possible renewed bullish pressure. The first target is 1586- W H4 camarilla pivot. A 4h close above and we should see 1594-1600. Any breakout above 1600 implies a 1611 retest. If the market drops below 1560, watch for 1554 zone for a possible bounce.

XAUUSD

 


 

The analysis has been done with the CAMMACD.Core System.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Elite CurrenSea Training Program(s) should not be treated as a recommendation or a suggestion to buy or sell any security or the suitability of any investment strategy for Student. The purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a licensed Industry representative; such as, but not limited to a Broker/Dealer, Introducing Broker, FCM and/or Registered Investment Advisor. Neither Elite CurrenSea nor its representatives are licensed to make such advisements. Electronic active trading (trading) may put your capital at risk, hence all trading decisions are made at your own risk. Furthermore, trading may also involve a high volume & frequency of trading activity. Each trade generates a commission and the total daily commission on such a high volume of trading can be considerable. Trading accounts should be considered speculative in nature with the objective being to generate short-term profits. This activity may result in the loss of more than 100% of an investment, which is the sole responsibility of the client. Any trader should realise the operation of a margin account under various market conditions and review his or her investment objectives, financial resources and risk tolerances to determine whether margin trading is appropriate for them. The increased leverage which margin provides may heighten risk substantially, including the risk of loss in excess of 100% of an investment.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD is struggling with 1.10 amid weak German data, upbeat market mood

EUR/USD is trading around 1.10, struggling to recover. Germany reported a plunge of 2.1% in Factory Orders in December. The broader market mood is upbeat as China reduces tariffs and coronavirus cure hopes.

EUR/USD News

GBP/USD pressured below 1.30 amid USD strength, Brexit concerns

GBP/USD is trading below 1.30 as the US dollar continues benefiting from Wednesday's upbeat figures. Concerns about post-Brexit EU-UK relations is weighing on sterling.

GBP/USD News

Forex Today: China lifts market mood by cutting tariffs, coronavirus fears fade, cryptos climb

Trade: China has announced that it will cut tariffs on imported US goods by half from February 14. Washington reduces levies in Beijing on the same day, as agreed in Phase One of the trade deal. Stock markets are extending their gains, and risk currencies are on the rise. 

Read more

Gold: Sellers look for entry below 200-bar SMA

Gold prices remain mildly weak to $1,554.70 ahead of the European session on Thursday. The yellow metal recovered from a multi-day low on Wed but failed to extend the pullback beyond a three-day-old resistance line afterward.

Gold News

FXStreet launches Real Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct mentorship by our analysts and get room to discuss and interact.

More info

Forex Majors

Cryptocurrencies

Signatures