Sign in
  • NFT
  • Crypto
  • Stocks
  • DeFI
  • KNIGHTS
  • Luxury
  • Trade
  • Horse Racing
  • Travel
  • Crypto Caps
Sign in
Welcome!Log into your account
Forgot your password?
Privacy Policy
Password recovery
Recover your password
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
Live Trading News Live Trading News
Knights App
Live Trading News Live Trading News
  • NFT
  • Crypto
  • Stocks
  • DeFI
  • KNIGHTS
  • Luxury
  • Trade
  • Horse Racing
  • Travel
  • Crypto Caps
Home Gold Gold 1 OZ (XAU=X) Trading in a Tight Range
  • Gold
  • Headline News
  • Investments
  • Metals
  • Opinion
  • Shayne Heffernan
  • Todays Trade Ideas

Gold 1 OZ (XAU=X) Trading in a Tight Range

By
S. Jack Heffernan Ph.D
-
December 29, 2020
Facebook
Twitter
Pinterest
WhatsApp

    $XAU #Gold #Commodities #FX #Trading #Markets #Affiliate

    Trade Smarter with Knightsbridge Live

    Gold
    Ticker: XAU=
    Price: $1838.49

    Gold News

    Gold price ended yesterday with clear negativity to reach the bullish channel’s support line that appears on the chart, noticing that the EMA50 meets this support to add more strength to it, while stochastic begins to provide the positive signals now.

    Therefore, we believe that the chances valid to trade positively in the upcoming sessions, and the targets begin at 1905.00 followed by 1928.60, noting that breaking 1870.00 will stop the expected rise and press on the price to turn to decline.

    The expected trading range for today is between 1865.00 support and 1905.00 resistance.

    The expected trend for today: Bullish

    Join Knightsbridge Live affiliate program and for every referral, you earn a bonus of up to $20,000 plus free trades. The best way to earn extra income!

    Technical Indicators

    Overall, the bias in prices is: Sideways.

    The projected upper bound is: 1,943.81.

    The projected lower bound is: 1,820.28.

    The projected closing price is: 1,882.05.

    Candlesticks

    A white body occurred (because prices closed higher than they opened).
    During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles. During the past 50 bars, there have been 26 white candles and 23 black candles for a net of 3 white candles.

    Momentum Indicators

    Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

    Stochastic Oscillator

    One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 41.3189. This is not an overbought or oversold reading. The last signal was a sell 7 period(s) ago.

    Relative Strength Index (RSI)

    The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 56.64. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 21 period(s) ago.

    Commodity Channel Index (CCI)

    The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 64. This is not a topping or bottoming area. The last signal was a sell 6 period(s) ago.

    MACD

    The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 18 period(s) ago.

    Rex Takasugi – TD Profile

    PREC.M.XAU= closed up 4.888 at 1,882.880. Volume was 8,900% above average (trending) and Bollinger Bands were 32% narrower than normal.

    Open       High       Low        Close      Volume
    1,877.960  1,884.060  1,875.350  1,882.880  9,236
    Technical Outlook
    Short Term:        Neutral
    Intermediate Term: Bullish
    Long Term:         Bullish
    Moving Averages: 10-period    50-period     200-period
    Close:           1,875.88     1,865.72      1,828.64
    Volatility:      10           21            21
    Volume:          924          185           46

    Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

    Summary

    PREC.M.XAU= is currently 3.0% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.

    Our volume indicators reflect very strong flows of volume into XAU= (bullish). Our trend forecasting oscillators are currently bullish on XAU= and have had this outlook for the last 10 periods.

    • TAGS
    • best fx account
    • best fx company
    • best trading platform
    • daily stock brief Heffx
    • GOLD 1 OZ
    • gold forecast
    • gold market
    • gold news
    • gold price
    • gold price forecast
    • gold technical analysis
    • gold weekly forecast
    • Make money trading with Heffx
    • morning call with Heffx
    • open an account fx
    • shayne heffernan
    • Shayne Heffernan well known economist Asia
    • trade like Shayne Heffernan
    • trading
    • xau price
    • XAU=X
    Facebook
    Twitter
    Pinterest
    WhatsApp
      Previous articleArchdiocese of New York Bells Toll to Mourn Lost Souls
      Next articleCan Silver (XAG=X) Hit $100?
      S. Jack Heffernan Ph.D
      https://www.knightsbridge.law
      S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.

      RELATED ARTICLESMORE FROM AUTHOR

      2023

      Joe Biden Releases Statement On Cryptocurrency

      2023

      Understanding The Importance of ETFs

      kxco
      ASEAN

      KXCO $FBX Update


      Live Trading News
      Your Trusted Source For All Crypto and Stocks Related News
      Contact us: [email protected]

      EVEN MORE NEWS

      Joe Biden Releases Statement On Cryptocurrency

      February 4, 2023

      Understanding The Importance of ETFs

      February 4, 2023
      kxco

      KXCO $FBX Update

      February 4, 2023

      POPULAR CATEGORY

      • Headline News7530
      • Investments7163
      • Top Stories6241
      • Paul Ebeling5633
      • Shayne Heffernan4496
      • Shayne Heffernan4377
      • Stocks4113
      • About us
      • Advertise
      • Send us a tip!
      • Write a review
      • Contact us
      © LiveTradingNews
      MORE STORIES

      The People are Buying Gold, Silver in Record Amounts

      August 5, 2020

      Gold 1 OZ (XAU=X) Long-Term Target $2700

      August 27, 2020

      Buy Gold 1 OZ (XAU=X) On Dips

      September 2, 2020
      CLOSE