XAUUSD Lacks Trend on Daily

XAUUSD Lacks Trend on Daily for FX:XAUUSD by FXCM

XAUUSD Lacks Trend on Daily

Gold/U.S. Dollar FX:XAUUSD



In the above daily chart , we are using a triple moving average system to assess the trend. Ideally, the short term green EMA>intermediate orange EMA>red long term average in an uptrend and green orangebullish or bearish stack. However, it does seem as if a bearish bias is developing. We will watch the crossover for further development, focusing on angle and separation as a measure of momentum.