Forex trading has become ubiquitous in the recent decades as it offers a plethora of advantages to the traders. Unlike other financial markets, there are no limitations in trading currencies in forex market. If you are good at arbitrating the currency market, then forex is the perfect platform to earn a striking income.
Monday, October 24, 2016
XAU/USD: technical analysis
On the daily chart, the instrument is trading just below the middle MA of Bollinger Bands. The price remains just underneath its moving averages that start turning down. The RSI is testing its longer MA. The Composite turned down just below its strong resistance level.
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