XAUUSD facing bearish pressure | 13th Sep 2021

XAUUSD facing bearish pressure | 13th Sep 2021 for OANDA:XAUUSD by FXCM

XAUUSD facing bearish pressure | 13th Sep 2021

Gold OANDA:XAUUSD



XAUUSD is holding below the 50period MA showing a potential bearish momentum. Price is expected to push down from the pivot level in line with 23.6% Fiboonacci retracement, towards the take profit level in line with 61.8% Fibonacci retracement and 61.8% Fibonaaci extension. Our bearish bias is also further supported by the price holding below the Ichimoku cloud .

Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients’ best interests and represent their views without misleading, deceiving, or otherwise impairing the clients’ ability to make informed investment decisions. For more information about the FXCM’s internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms’ Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.

THE ULTIMATE TRADING EXPERIENCE