Because the XAU/USD tends to trade in a pattern, one of the simplest strategies is to look for buy or sell opportunities within the trading pair’s historical highs and lows. For example, when gold is heading higher, you can establish a position and target a previous high as your sell p...
One of the biggest markets for gold is the United States and it can be seen in the XAUUSD index. The relationship between spot gold price and the US dollar has a great history. Today the New York Stock Exchange (NYSE) and Chicago Commodities Trading Center are the two main markets for ...
XAUUSD Market has reached the higher high area of the Minor Ascending channel line under the Major Ascending channel pattern. It is important to note that XAUUSD is considered a safe-haven asset. Traders buy this valuable commodity when the economic conditions around the world become highly unsta...