Current technical setup is bullish for gold. Monetary stimulus programs of central banks all over the globe struggling to support their economies as coronavirus lockdowns caused sever downturns in economic activities boost demand for gold. Increasing global money supply is bullish for XAUUSD. However the recent rally in XAUSD paused as US lawmakers couldn’t agree on new round of federal stimulus funding. And US House of Representatives Speaker Nancy Pelosi said yesterday that Democrats in Congress were willing to cut their coronavirus relief bill in half to get an agreement on new legislation Republicans. Lower than expected new US monetary stimulus package is a downside risk for XAUUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Buy | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
| Order | Buy |
| Buy stop | Above 2014.51 |
| Stop loss | Below 1974.96 |
Market Analysis provided by IFCMarkets.com
Source: John Newell (4/30/26) John Newell of John Newell & Associates takes a look at…
By JustMarkets On Thursday, the US stock market surged sharply. By the end of the…
By Robert I. Harris, Georgia Institute of Technology The U.S. Energy Information Administration expects nationwide…
By JustMarkets On Wednesday, the U.S. stock market declined. By the end of the day,…
By Brian Jay Tang, University of Michigan and Kang G. Shin, University of Michigan Hundreds…
Belize City, Belize, April 29, 2026 – Financial broker RoboForex has expanded its CFD offering with…
This website uses cookies.