Forex Trading Library

Gold Retracing or Reversing?

Name: Gold Retracing or Reversing?
Uploaded: 2023-04-19
Channel: David Kindley
Description: After falling over $50 in the past few days, traders were hoping for a rebound on the yellow metal.However, after breaking through the $2k level, prices have dropped even further.So, the question is, is this just a small retracement on Gold, or are w

By David Kindley On Apr 19, 2023 194 0

After falling over $50 in the past few days, traders were hoping for a rebound on the yellow metal.

However, after breaking through the $2k level, prices have dropped even further.

So, the question is, is this just a small retracement on Gold, or are we looking at a full reversal?

Timestamps
XAUUSD 01:35
DXY 03:05

Gold

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

USOIL Triple Zigzag or Double Three?

What Bank Earnings Say About Next Fed Hike