XAU/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The recent movements in the yellow metal's price in accordance with a short term descending channel have done a big favor to the bullion's long term traders. During the move the borders of an ascending wedge pattern were confirmed. This changes the previous hypothesis of the existence of a lone uptrend line. In fact the line is the supporting line of the just mentioned pattern. Due to these factors combined it can be said that the bullion is set to continue the surge and gain new heights in the upcoming weeks. Moreover, this hypothesis is supported by the fact that traders of various marketplaces are still bullish on the yellow metal.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.