XAU/USD Value – Rally Set to Resume?
Gold Value – XAU/USD Technical Outlook
On Wednesday, Gold retreated and made an over two-week low at $1,694 nonetheless, the value rallied after and settled above the $1,700 deal with. In consequence, the weekly candlestick closed on Friday with a bullish Doji sample signaling a doable bullish comeback.
Alongside that, the Relative Power Index (RSI) remained flat above 50 highlighting a stalled bullish momentum.
Gold DAILY PRICE CHART (DEC 5, 2018 – June 1, 2020) Zoomed out
Recommended by Mahmoud Alkudsi
Traits of Successful Traders
Gold DAILY PRICE CHART (April 9 – June 1, 2020) Zoomed In
On Could 14,…