Friday, 26 April 2019

Possible Pullback expected on Gold(XauUsd)


The Gold Dollar pair has shown some magnificent selling pressure in the past weeks as gold has been able to push below the 1300 physiological level which has played a vital support role while XauUsd was still rallying up, on the our last sell on XauUsd we have seen price breaking through that level revealing a lot of bearish pressure on the pair.

Gold has continued selling down in the previous weeks as the dollar index experienced some rallies that were caused by the positive US fundamental data and the weakening of the Canadian dollar due unchanging interest rates this year and slow global economic growth.


XauUsd Technical

The Gold Dollar has been selling from our marked sell zone and has yielded a lot of profits for our signal subscribers. we are still bearish on Gold and currently waiting for price to retrace up to our target level before adding more sell entries.


Sifiso Nkwanyana

Author & Editor

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