A close lower today could mean a four-day losing streak for the precious metal. XAU/USD trades 0.23% lower today as USD 1450/oz is holding as support. Gold Daily Chart As the Fed paused on interest rate cuts and the US and China seem to be getting on better in regards to trade. Gold has taken a hit since September. The triangle on the daily chart broke lower recently and there are a few scenarios that would play out. It is very common for an asset to retest the pattern once it is broken. This would take a bout of risk-off sentiment but this doesn’t seem likely right now. The other is for the price to break lower and test the next distribution between USD 1380 – 1430 per ounce. The speech today in New York by Donald Trump could inspire such volatility. Unfortunately, this does make today’s price action a binary event. Additional Levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB’s De Guindos: Inflation expectations have recently shown a marked decline FX Street 3 years A close lower today could mean a four-day losing streak for the precious metal. XAU/USD trades 0.23% lower today as USD 1450/oz is holding as support. Gold Daily Chart As the Fed paused on interest rate cuts and the US and China seem to be getting on better in regards to trade. Gold has taken a hit since September. The triangle on the daily chart broke lower recently and there are a few scenarios that would play out. It is very common for an asset to retest the pattern once it is broken. This would take a bout of risk-off… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
