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 eyes Italy elections, trade above 1.32, Yen & sterling both slump. – Asian shares : Japan’s Nikkei +2.43%, , Hong Kong’s Hang Seng +0.17% , Korea’s Kospi -0.46%, Australia’s ASX 200 +0.72% and China’s Shanghai +0.50%. – Italy: A Sustained US Recovery Will Make a Eurozone Split Up […]
Good Morning, – Euro on defense, trade around 1.38 level, as tensions over Crimea come again on play. – Japan’s Nikkei 1.77%, Hong Kong’s Hang Seng 1.91%, Korea’s Kospi 0.55%, Australia’s ASX 200 0.15% and China’s Shanghai 0.91%. – March data signaled further marked growth in Germany’s private sector, with the seasonally adjusted […]
Any traders with positions open yesterday during the Trump Press Conference saw great opportunities against the dollar but big gains for commodity markets like Oil and Gold. President-elect Donald Trump had his first conference since his victory speech and this event was highly anticipated. However, Trump avoided to provide new information on his planned growth […]
