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EURUSD and Nasdaq 100: Are These Breaks Backed by Trends?
2021-01-22 04:45:00
Central Bank Watch: BOC & ECB Interest Rate Expectations Update
2021-01-21 20:00:00
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Gold and Crude Oil Prices Watching the US Dollar as the Weekend Nears
2021-01-22 06:00:00
Implied Volatility: What is it & Why Should Traders Care?
2021-01-21 22:30:00
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Why a Rise in Retail Trading May Signal Another Mania
2021-01-22 22:00:00
Dow Jones Forecast: Three Dow Stocks to Watch in the Week Ahead
2021-01-22 16:30:00
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Gold Price Outlook: Gold Weekly Reversal- Bear Market Rally or More?
2021-01-22 20:00:00
Gold Price Forecast: What to Make of Recent Rebound? Levels for XAU/USD
2021-01-22 12:30:00
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Sterling (GBP) Weekly Outlook: Two Steps Forward, One Step Back
2021-01-22 16:00:00
British Pound (GBP) Latest: GBP/USD to Top 1.38 if Resistance Breaks
2021-01-21 09:00:00
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USD/JPY Outlook: Yen Falters Today but Faces Stout Topside Resistance
2021-01-22 13:00:00
US Dollar Forecast: Biden Ascends to Presidency - Will Greenback Descend? Levels for DXY Index
2021-01-20 20:40:00
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  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:https://t.co/OMNoNHn2vZ https://t.co/155l4SQU6P
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:https://t.co/c89gcaNhTt https://t.co/vkLRsG8KEn
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your $AUD market update from @ddubrovskyFX here:https://t.co/JoaUMTv80S https://t.co/Hl4I8Gl7Ez
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/6lPNDoWZAw
  • The gold price rebound keeps XAU/USD within the confines of the August downtrend. From a trading standpoint. Get your $XAUUSD market update from @MBForex here:https://t.co/B3Jct6mIBD https://t.co/gHAtO2jcrp
  • Gold recovered from a steep sell-off this morning to finish the day just lightly lower $XAU $USD https://t.co/lkcyL8gts9
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.05% 🇨🇭CHF: 0.01% 🇯🇵JPY: -0.25% 🇳🇿NZD: -0.55% 🇦🇺AUD: -0.64% 🇨🇦CAD: -0.75% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UVTYrLMwRS
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.54% Gold: -0.87% Silver: -1.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3BoduI6beG
  • Earnings season is underway and key tech leaders are set to report next week. Get your #Dowjones market update from @PeterHanksFX here:https://t.co/vAesS48lgG https://t.co/es8tChHx3y
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 66.20%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cFre7YkQsc
Gold Rally Fails Before 20 Day Average

Gold Rally Fails Before 20 Day Average

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold Rally Fails Before 20 Day Average

Prepared by Jamie Saettele, CMT

“Price is testing a long term trendline that extends off of the 2008, 2010, and December 2011 lows. A break of such a well-defined trendline would signal a significant shift. The downside is favored below the April high of 1683.35.” A short term bear flag appears complete and price is pressured by the 20 day average.

Bottom Line (next 5 days) – lower

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

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