Vlad RF
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Gold plummets again: a hawkish Fed and strong dollar weigh on XAUUSD
Gold started the week lower amid a stronger USD, with prices currently standing at 4,180 USD.
Technical outlook
On the H4 chart, XAUUSD prices formed a Harami reversal pattern near the upper Bollinger Band and could continue the downward wave as the pattern signal plays out.
Another wave of escalation between the US and Iran is affecting gold prices and driving quotes lower.
Read more - Gold Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
Gold started the week lower amid a stronger USD, with prices currently standing at 4,180 USD.
Technical outlook
On the H4 chart, XAUUSD prices formed a Harami reversal pattern near the upper Bollinger Band and could continue the downward wave as the pattern signal plays out.
Another wave of escalation between the US and Iran is affecting gold prices and driving quotes lower.
Read more - Gold Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
