Forexearlywarning now has a Gold trading system with real time signals and professional chart setup with correlated pairs. On June 27, 2024 our live signals system for trading gold indicated strong momentum to the downside. Movements on all 8 gold pairs were consistent since the XAU/XXX cross currencies were not moving very much today.
XAU/USD dropped down to the 2320 level. Since the overall trend on gold is up on the larger time frames, we suggest closing out this trade as a short term sell. We expect Gold to consolidate near todays intraday lows and move back up in 1-2 days.
The indicators you see above are The Forex Heatmap® for 28 currency pairs plus gold, the heatmap is a robust real time visual tool for trading the forex market and gold. Our gold correlated pairs charting system matches the heatmap with two different time frames for XAU/USD on the right and two correlated pairs charted on the same screen. Some charting systems allow for several XAU/XXX pairs to be charted on the same screen similar to our metatrader profiles chart setup