1. Session started as last week ends. Prices are still existing below the VWAP (white) curve but at low volume. The VWAP is acting as a resistant line for prices in downtrend direction. Traders using the VWAP will wait to confirm an up trending if one high volume candle open and close totally above the curve. In case of low volume candles, traders will wait for to get confirmation from two or even three successive candles to break the VWAP curve before deciding to buy or sell. The candle(s) limits (open and close) above the VWAP line are considered as buying sign for traders and the vice versa.
2. In the same context, EMA20 and EMA50 will act as resistant lines for prices as well.
3. For now prices are apart from the pivot line and entered the major support (green) zone but the good thing that they will get a good support at $1908.6x limit with possible rebounding back in the upwards direction.
4. Of course, the Fed declaration of increasing the interest rate on USD up to 0.25% opened traders appeal to prepare themselves to invest in USD and sell or temporary stops trading in gold and silver. The hot money investors move to put their money in the US and buy treasury securities to win future profits due that increase in interest rate will clarify the mood of FOREX traders in the upcoming days.
5. Gold prices will be strongly recovered in case fuel materials will perform the same top prices they achieved two weeks ago. Other wise, sell and buy will fluctuate round past levels before Russian - Ukrainian matter.
6. At the moment, the expected support line @ $1908.6x and resistant lines @ $1921.6x and 1933.9x respectively.
Tools used for analysis are Fib pattern, BB indicator, volume, and MA ribbon.
2. In the same context, EMA20 and EMA50 will act as resistant lines for prices as well.
3. For now prices are apart from the pivot line and entered the major support (green) zone but the good thing that they will get a good support at $1908.6x limit with possible rebounding back in the upwards direction.
4. Of course, the Fed declaration of increasing the interest rate on USD up to 0.25% opened traders appeal to prepare themselves to invest in USD and sell or temporary stops trading in gold and silver. The hot money investors move to put their money in the US and buy treasury securities to win future profits due that increase in interest rate will clarify the mood of FOREX traders in the upcoming days.
5. Gold prices will be strongly recovered in case fuel materials will perform the same top prices they achieved two weeks ago. Other wise, sell and buy will fluctuate round past levels before Russian - Ukrainian matter.
6. At the moment, the expected support line @ $1908.6x and resistant lines @ $1921.6x and 1933.9x respectively.
Tools used for analysis are Fib pattern, BB indicator, volume, and MA ribbon.