News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: US 500: 0.10% Wall Street: -0.23% Germany 30: -0.80% FTSE 100: -0.85% France 40: -1.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/1XExY9G0eS
  • S&P 500-derived VIX Index historically advances ahead of US presidential elections. Get your S&P500 market update from @RichDvorakFX here:https://t.co/6EPQuQL73h https://t.co/cJNSsrkc0r
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.60% 🇨🇦CAD: 0.32% 🇯🇵JPY: 0.31% 🇪🇺EUR: 0.15% 🇬🇧GBP: 0.15% 🇨🇭CHF: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/a37pxmNxGY
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -0.19% Wall Street: -0.47% Germany 30: -0.72% FTSE 100: -0.78% France 40: -1.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/tENVBL1pf2
  • GBP/USD continues to slide modestly lower as the EU-UK talks on a trade deal once the Brexit transition period ends keep going.Get your $GBPUSD market update from @MartinSEssex here:https://t.co/BslRIDrzYH https://t.co/QaIUSsInit
  • Bitcoin (+2.4% @ $13,388) - Short-term overbought but weekly chart showing lots of bullish signs...#btc #bitcoin @DailyFXTeam https://t.co/ZyKLfwiIC8
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.86% Silver: 0.30% Gold: 0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dompeGRosg
  • 🇺🇸 CB Consumer Confidence (OCT) Actual: 100.9 Expected: 102 Previous: 101.3 https://www.dailyfx.com/economic-calendar#2020-10-27
  • Ahead of Australian CPI - $AUDNZD has continued its slide, now testing 200DMA (1.0626)
  • Turkish Finance Minister says Turkey has no plans for capital controls, adds that the Turkish Lira was impact from tourism industry losses $TRY
Gold 20/50 Day Average Bearish Cross

Gold 20/50 Day Average Bearish Cross

2012-03-21 21:29:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_gold_body_gold.png, Gold 20/50 Day Average Bearish Cross

Prepared by Jamie Saettele, CMT

In general, the series of lower lows and lower highs since the 2/29 mini crash may be the beginning of a larger decline. The 20 day average crossed below the 50 today. Still, strategy remains unchanged; “Use Wednesday’s large range bar extremes (high and low) as points of reference to determine a bias. In other words, turn bullish on a break of Wednesday’s high and bearish on a break of Wednesday’s low.”

Bottom Line (next 5 days) – ?

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES