The BofA weekly report showed investors invested $31.5 billion in stocks, while $1.8 billion was withdrawn from gold and $15.4 billion from bonds.
GOLD/USD, 30 min
Pivot: 1725.00
Analysis:
Provided that the price is above 1715.00, follow these recommendations:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1725.00
- Take Profit 1: 1740.00
- Take Profit 2: 1747.00
Alternative scenario:
In case of breakdown of the level 1715.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1715.00
- Take Profit 1: 1707.00
- Take Profit 2: 1698.00
Comment:
RSI shows an uptrend within a day.
Key levels:
Resistance Support
1754.00 1715.00
1747.00 1707.00
1740.00 1698.00
GOLD/USD, D1
Pivot: 1726.00
Analysis:
Provided that the price is below 1780.00, follow these recommendations:
- Time frame: D1
- Recommendation: short position
- Entry point: 1726.00
- Take Profit 1: 1670.00
- Take Profit 2: 1610.00
Alternative scenario:
In case of breakout of the level 1780.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1780.00
- Take Profit 1: 1820.00
- Take Profit 2: 1850.00
Comment:
RSI shows a downtrend in the medium term.
Key levels:
Resistance Support
1850.00 1670.00
1820.00 1610.00
1780.00 1570.00
USD/CAD | US Dollar to Canadian Dollar Trading Analysis
Prev article
EUR/JPY | Euro to Japanese Yen Trading Analysis
Next article
Recent articles
EUR/JPY | Euro to Japanese Yen Trading Analysis
ECB head Lagarde: so far we see no signs that inflationary pressures are becoming widespread.
GBP/JPY | British Pound to Japanese Yen Trading Analysis
GBP/JPY is declining from 2-week highs, approaching 151.50.