GOLD to move towards 2800.000

Note: This section contains information in English only.
Source: Dukascopy Bank SA
In general, the price of gold has slight rise towards 2700.000 level.

Economic Calendar Analysis


No significant market moves should occur from economic news.


XAU/USD short-term forecast



A decline of the metal might look for support in the price level of 2690.65000, price push towards 2722.000.

Hourly Chart

XAU/USD daily charts review

On the daily candlestick chart, gold has been trading within the 2665.00 to 2605.00 range. Positive news related to gold would likely create momentum to the upside, increasing the probability of testing the 2723.00 resistance level.

Daily Candle Chart


Traders remain short

On Monday, 63% of volume was in short positions. Traders are shorting gold.

Meanwhile, in the 1000 point range around the latest price, the pending orders were 50% to sell the metal.

Actual Topics

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