3 min readGOLD (XAU/USD):
As discussed in previous articles, I was interested to see how gold would continue trading into the new year following Trump’s presidential victory. This added market certainty now appears to be reflected in gold’s price action, as traders seem to be moving funds out of traditional “safe haven” assets.
Looking more closely at the technicals, we can see below how the recent breakout and retest of the internal ascending trend line highlight lower areas of interest, such as the daily 50 EMA and the external ascending trend line, which present potential trade entry points.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
