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Technical Analysis
Tuesday 04th April 2023: Technical Outlook and Review

Gold has been facing bearish momentum on the chart against the US Dollar, as reflected by the multi-swing high resistance at 1789.00. The overall bias is bearish, and the precious metal could continue to fall towards the first support at 1945.00.

By IC Markets

Recent
Monday 3rd April 2023: OPEC+ shocks markets with output cut; Asian stocks mixed

Global Markets: News & Data: Markets Update:  Asian markets were mixed […]

By IC Markets

Technical Analysis
Monday 3rd April 2023: Technical Outlook and Review

Gold (XAU/USD) has been on a bullish trend, with the overall momentum of the chart being bullish. Looking at the chart, the price could potentially make a bullish bounce off the first support and head towards the first resistance.

By IC Markets

Technical Analysis
Friday 31th March 2023: Technical Outlook and Review

XAU/USD sees bearish momentum with potential for a bearish reaction off the 1st resistance and a drop towards the 1st support. The 1st support level is at 1936.00, which is an overlap support and coincides with a 38.20% Fibonacci retracement. If price were to break below this level, it could drop towards the 2nd support at 1910.00, which is also an overlap support and lines up with a 50% Fibonacci retracement.

By IC Markets

Recent
Thursday 30th March 2023: Asian Markets Follow Wall Street Higher, Gold Shines

Global Markets: News & Data: Markets Update:  Asian markets ended the […]

By IC Markets

Technical Analysis
Thursday 30th March 2023: Technical Outlook and Review

The price of XAU/USD is currently experiencing bearish momentum, indicating that it may potentially move towards the 1st support level. The overall momentum of the chart is bearish.

By IC Markets

Recent
Wednesday 29th March 2023:Alibaba’s split plan boosts Asian markets; dollar slips

Global Markets: News & Data: Markets Update: Asian shares rose sharply […]

By IC Markets

Technical Analysis
Wednesday 29th March 2023: Technical Outlook and Review

Gold prices have been exhibiting bullish momentum, supported by the fact that price is currently above the bullish Ichimoku cloud. In the near term, prices could potentially continue to rise towards the first resistance level.

By IC Markets

Recent
Tuesday 28th March 2023: Asian Markets End on Divergent Note as Banking Fears Subside and Oil Rallies

Global Markets: News & Data: Markets Update: Asian markets ended mixed […]

By IC Markets