Fort Financial Services - Analytics

    Fort Financial Services

    567.00 7.00/10
    100% of positive reviews
    Real

    XAU/USD (a 4-hour chart)

    XAU/USD (a 4-hour chart)

    General overview

    The gold grew yesterday due to expectations that leading Central Banks will increase their incentives to prevent Brexit effect.

    Current situation

    The gold futures continued its growth and approached the recently set high at 1360. The resistance is at 1360, the support comes in at 1330.

    Technically, indicators remained in a green zone. MACD and RSI grew which is a buy signal. The growth of indicators indicate buyers’ strength. The moving averages (50, 100 and 200) are moving upwards, it is another buy signal.

    Trading recommendations

    The potential growth targets are the resistance levels: 1360 and 1390.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree