Xauusd Broker
Spot gold xau usd trusted trading broker.
Xauusd broker. We can see an ascending channel and supply and demand zones i am mostly bearish on gold to 1750 or even 1550 but as we can see the price is trying to break trough the lower bound of the ascending channel and if broken there exist a support line at 1794 which can be a range zone the other scenario is having a bullish view and we have the rejection and bounce from. Gold analysis for january 28 2021 watch for the selling opportunties on the rallies with the target at 1 810. The us dollar is the world s reserve currency and historically has shown an inverse relationship with gold prices.
Gold helps diversify your portfolio while being a precious metal that retains value much better than other financial assets.