XAU/USD has done a rebound from the MA55, allowing to open short trades. You could also protect your sells. We advise to observe the market as the return back to the MA55 is risky to open trades. Today’s MPC meetings may provoke XAU/USD growth, if all members vote further monetary easing.
There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD makes a fake breakthrough of the trendline.
There is the downtrend on the Hourly chart as the MA-channel looks downwards and the price is below the MA55. It is too late to open short trades.
XAG/USD is in the neutral trend at the moment and we advise to avoid trading. The price touched 20,50 in the morning, but did not cross it. We think that the breakthrough will be done as soon as XAG/USD closes above this level. We advise to open long trades after the breakthrough when the price goes back to the crossed 20,50.
There is the uptrend on the Weekly chart as the price is above the MA55. We still expect price growth towards 25,00.
There is the neutral trend on the Hourly chart as the MA-channel goes no direction and the price is close to the MA55. We do not recommend trading XAG/USD today.