简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract：Bears cheer Friday‘s downside break of key support as China’s data dump, covid news weigh on sentiment.
Gold prices remain pressured as fresh risk-off sentiment renews US dollar buying.
Key pivot points lure sellers ahead of Januarys low, bulls need validation from $1,835.
Gold (XAU/USD) prices remain pressured around a three-month low, reversing the early Asian rebound, as the risk-off mood underpins the USDs safe-haven demand. Also keeping the gold sellers hopeful is the clear downbeat break of an ascending trend line from August 2021, portrayed the previous day.
Market sentiment sours after China reported downbeat figures for April month‘s Retail Sales and Industrial Production, backed by fresh covid fears emanating from Shanghai and Beijing. Additionally challenging the previous risk-on were fears that Germany isn’t going to respect Hungary‘s push for no total ban on Russia’s energy imports. Furthermore, news that the military actions in Donbas continue to accelerate underpin the risk-off mood, as well as favor the US dollars safe-haven demand.
Read: Gold, Chart of the Week: Bulls are moving in, but weekly levels are eyed
Gold Price: Key levels to watch
The Technical Confluences Detector shows that the Gold Price is eyeing a test of the Pivot Point 1 month S2 and Pivot Point 1 Day S2, surrounding $1,797.
Should the quote drops below $1,797, which is more likely considering Fridays key trend line break, lows marked during January around $1,780 will be in focus.
Its worth noting that the Bollinger Band Lower on 4H and 1D could offer immediate support around the $1,800 threshold.
On the contrary, SMA 5H and Middle Bollinger on 1H may test recovery moves around $1,815.
Following that, 23.6% Fibonacci retracement for one week, around $1,820, will test the upside momentum.
Even if the gold buyers manage to cross the $1,820 hurdle, a clear upside break of the $1,833-35 region, comprising 38.2% Fibonacci retracement on one week, as well as Middle Bollinger on 4H, becomes necessary to retake controls.
Here is how it looks on the tool
About Technical Confluences Detector
The TCD (Technical Confluences Detector) is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc. If you are a short-term trader, you will find entry points for counter-trend strategies and hunt a few points at a time. If you are a medium-to-long-term trader, this tool will allow you to know in advance the price levels where a medium-to-long-term trend may stop and rest, where to unwind positions, or where to increase your position size.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
HYCM Capital Markets (UK) Limited reported a £236,304 loss for 2025, as higher administrative costs offset a small rise in revenue and reversed the previous year’s profit.
XELLION, a Saint Lucia-based forex broker, is reportedly facing many complaints from users. Among the complaints, the lack of smooth fund withdrawals remains the most disturbing one. This issue was not only highlighted by real users but also the Introducing Broker (IB) who expressed shock over this issue on broker review platforms. In this XELLION review article, we have examined these allegations against the brokerage entity.
If you're looking for information about AssetsFX deposit and AssetsFX withdrawal processes, you're taking a smart step when choosing a broker. However, when it comes to AssetsFX, we need to discuss some serious concerns right away. While its website shows many modern payment options that look good, many user reports tell a very different and worrying story, especially about people not being able to get their funds back. Keep reading!
When traders look at a new broker, the most important question is always about safety. This is especially true for AssetsFX, a broker whose online presence raises a serious question: Is AssetsFX safe or a scam? The answer isn't immediately obvious, as the broker has a very divided reputation. When you search for user feedback, you find two completely different stories. On the one hand, there are many positive reviews. On the other side, there are very serious claims of financial wrongdoing. This article won't waste your time. Our goal is to look through all the information, from regulatory status to real user AssetsFX complaints, to help you understand the major risks and make a smart decision about your investments.
WikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFX
