• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

Gold is Testing the Bearish Trend

FTD Limited by FTD Limited
April 20, 2021
Reading Time: 1 min read
A A
Gold Found Support From 1850
0
SHARES
37
VIEWS
tweetpostshare
XAUUSD Daily Chart, 233-Day Moving Average
XAUUSD Daily Chart, 233-Day Moving Average

Gold has tested the upper line of the bearish channel after passing the 1765 level, but could not break it so far. ETFs’ gold positions that we discuss in the “Gold Short-Term Outlook” post are still affecting the price bearishly. Despite that, rising Covid-19 cases, Dollar Index correction, and tensions between the US and Russia over Ukraine have pushed the price upward. 1783 will be the key level for the surge to continue. If it breaks, gold may change its trend and move above 1800.

For down moves, 1765 will be key for the short-term. Below this support, 1720 can be targeted again.

Learn more about us
Tags: dollar indexgoldprecious metals
TweetShareShareSend
Previous Post

Tuesday, April 20, 2021 Headlines

Next Post

Wednesday, April 21, 2021 Headlines

Related Posts

The Reserve Bank of Australia increased its policy rate by 50 basis points
DAILY UPDATES

The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points

Yellen meets with Chinese Vice Premier
DAILY UPDATES

Yellen Meets With Chinese Vice Premier

Recession Warning From Bank of America
DAILY UPDATES

Recession Warning From Bank of America

Inflation in Switzerland at a 29-Year High
DAILY UPDATES

Inflation in Switzerland at a 29-Year High

Oil prices rise
DAILY UPDATES

Recession and Supply Concerns on Oil

Inflation in France
DAILY UPDATES

Inflation Hits Record in France

Next Post
Tuesday, November 3, 2020 Headlines

Wednesday, April 21, 2021 Headlines

You might also like

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology

Differences between MT4 and Mt5

MT4 and MT5’s Differences – How to See the Total Lot Sizes in MT5?

Regulated and Licensed Forex Brokerage Company

Regulated Entities

FTD Limited's White Label Program gives you a chance to have your own brand within financial markets.

White Label Solutions

FTD Limited offers Introducing Brokers Program

Introducing Brokers

Algorithmic trading in forex, cfds and indices

Basics of Algorithmic Trading: Concepts and Strategies

Recent Posts

  • The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points
  • Yellen Meets With Chinese Vice Premier
  • Recession Warning From Bank of America
  • Inflation in Switzerland at a 29-Year High
  • Recession and Supply Concerns on Oil
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points
  • Yellen Meets With Chinese Vice Premier
  • Recession Warning From Bank of America

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.