GOLD WEDGE FREE

Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.

The high degree of leverage can work against you as well as for you.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Please read our privacy policy and legal disclaimer. The use of this website constitutes acceptance of our user agreement. Note: All information on this page is subject to change. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author has not received compensation for writing this article, other than from FXStreet.įXStreet and the author do not provide personalized recommendations. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author will not be held responsible for information that is found at the end of links posted on this page. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. It also does not guarantee that this information is of a timely nature.

GOLD WEDGE FREE

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Information on these pages contains forward-looking statements that involve risks and uncertainties. In doing so, September 24 top close to $1,877 can offer an intermediate halt while the early July top near $1,818 can lure gold traders below $1,849.Īlternatively, a clear bounce off the 200-HMA level of $1,894.60 can again attack $1,900 whereas a confluence of 50% Fibonacci retracement of September 18-24 declines and the upper line of the wedge, near $1,905, can question the gold buyers afterward.Įven if the yellow metal rises past-$1,905, the bulls are less likely to be convinced as 61.8% Fibonacci retracement and September 22 peak can probe further upside around $1,918/20. Hence, bears are waiting for a clear break of the $1,891.80 support line to confirm the bearish chart play, which in turn can drag the quote towards the monthly low near $1,850/49. Technically, a three-day-old rising wedge formation on the hourly chart keeps sellers hopeful even as 200-HMA probes immediate downside.įollow: Four more years or time for change? – Live coverage The yellow metal recently dropped after the US presidential debate questioned market sentiment. Gold prices bounce off an intraday low of $1,892.72 to $1,896.70 amid Wednesday’s Asian session. Bulls need a clear break beyond September 22 for confirmation.200-HMA offers immediate support ahead of the bearish pattern’s lower line.Gold snaps two-day winning streak following its pullback from $1,899.38.

Gold wedge