GOLD retraced back to the trendline (lows 1180 and 1194) and has performed a four days run to the upside. The price isn’t so convincing because the daily candles have very small range. However XAUUSD is facing an important horizontal resistance which we may call it “make or break”. If price breaks out, then the next resistances are 1248 and 1262. There are good probabilities for sell opportunities if price manages to climb to these areas. On the other hand, if price breaks out the rising channel to the downside, then GOLD may see the lower trendline again.
Good Morning, – Euro under pressure as low inflation and high unemployment suggest that ECB may come again on play in the coming future… – Asian shares: Japan’s Nikkei -0.88%, Hong Kong’s Hang Seng 0.19%, Korea’s Kospi 0.46%, Australia’s ASX 200 -0.25% and China’s Shanghai 0.37%. – Stocks and bonds dipped after Wednesday’s […]
Good Morning, – Dollar rally is short-lived with 100 points move after Bernanke ….euro tries to stay above 1.31 level – Asian shares: Japan’s Nikkei 1.32%, Hong Kong’s Hang Seng -0.14%(07:00 GMT), Korea’s Kospi -0.64%, Australia’s ASX 200 0.21% and China’s Shanghai -1.04%. – FED’s Chairman Ben S. Bernanke, speaking to Congress yesterday, damped […]
We are following a simple, well known technical pattern, named Pivots, in order to find out opportunities in the market. Pivot points are calculated as an average of significant prices from the performance of the market in the prior trading day. The Pivots are often turning points for the direction of price movement in the market. […]
