FxJoseph_7

Gold 🪙buy now today confirm move Gold buy

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FxJoseph_7 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAU/USD Editorial
GOLD FORECAST AND NEWS
Gold looks to Powell speech for a clear directional impetus
Gold price is extending its pullback from a ten-day high of $2,049 reached in the early American trading on Tuesday, as the US Dollar is attracting fresh demand amid broad risk-aversion on the all-important US Federal Reserve interest rate decision day.

LATEST XAU/USD NEWS
India Gold price today: Gold holds steady, according to MCX data
By Dhwani Mehta | 5 minutes ago
Gold price drifts lower as USD stands tall near monthly peak ahead of Fed decision
By Haresh Menghani | 07:04 GMT
Gold Price Forecast: XAU/USD steady post-US data, Middle East tussles
By Christian Borjon Valencia | Jan 30, 22:55 GMT


Technical Overview
Chart Tools
Gold price seems at a critical juncture, looking to confirm an upside break from a month-long symmetrical triangle formation.

The triangle breakout could be validated should the Gold price yield a daily closing above the falling trendline resistance at $2,036.

The 14-day Relative Strength Index (RSI) indicator recaptured the midline, justifying the latest upswing in the bright metal.

However, traders remain cautious as a Bear Cross was confirmed on Tuesday after the 21-day Simple Moving Average (SMA) crossed the 50-day SMA from above on a sustained basis.

Amid mixed technical indicators, it now remains to be seen if the Gold price could sustain its recent upbeat momentum.

The immediate strong resistance is seen around the $2,040 level, above which the psychological $2,050 level will be back in play. Further up, Gold optimists will target the December 12 high of 2,062.
Gold buy Now 2039 limit 2035
Confirm Target 2055
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