TaniceH

TaniceH

Gold is trading in a well-supported ascending channel on the daily chart, holding firmly above its 20- and 50-day EMAs. Recent consolidation above $3,370 suggests strength, with a breakout above the $3,400–$3,405 resistance likely to trigger a rally toward $3,450 and beyond. Momentum indicators like RSI and MACD also favor continued upside. OANDA:XAUUSD The...

TaniceH

FOREXCOM:XAUUSD Price is forming a series of lower highs and lower lows on the 4‑hour timeframe, indicating a downtrend bias. Recent resistance at the 70 EMA / descending trendline is holding strong,hard to break above. Based on recent candle pattern with long lower wicks at current price, it’s most likely A short term correctional swing might occur to zone...