Will Gold conquer new heights Gold has rallied nearly 5 percent since a surprisingly weak U.S. nonfarm payrolls report on Oct, continuing to benefit from the weakness in US dollar and safe-haven buying due to growing uncertainty about the direction of the stock markets, concerns over the health of the Chinese economy may also undermine risk appetite after the latest…
The world is changing, and the sequence of events become shorter and shorter from one to another – last week was SNB’s sudden withdrawal of the EURCHF floor of 1.2 and further reduction of interest rates. This move has greatly intensified speculations that the ECB meeting is January 22nd to discuss policy changes. January 25th, we have the Greek elections…
looking lower near-term with the proposed pullback likely to offer more favorable long entries. The trade remains constructive above the median line with only a move sub $1183 shifting the medium-term outlook back to the short-side. A breach of the highs targets resistance objectives into $1247 & 1256 This review does not including any document and / or file attached…
XAUUSD break dowm $1270, then $1255 could be possible support, followed by $1258 and then down to $1246 area August jobs data comes out on Friday. Median expectations are +220k for nonfarm payrolls and the jobless rate is expected to tick lower to 6.1%. A beat on this front would likely put additional pressure on the Fed to tighten. This review…
Gold – Trend Change Developing, Just Not ConfirmedYou can notice some signs that the movement is facing a turning point:net-long position in gold rose 20 percent to 136,929 futures and options contracts in the week to July 1, according to U.S. Commodity Futures Trading Commission data published last week. That’s the highest since March 18 and up fourfold since the start of…
will 1333 will break today gold rose during the course of the session, showing the Wednesday session to be positive after all. However, we need to get above the $1333 level in order to see the next levels. A pullback at this point in time should bring in buyers from the short-term charts, and as a result we believe that the $1310…
xauusdcontinue with the trendSupport during the last lies in the short term the level of 1311below that 1296-1304 Key level will be used for longer term bullish trend created leave is at 1280 points On the other hand, we can see resistance points in the 1326 1333 1349 The principal resistance level lies in the level of 1360 This review does not including…
xauusd as I say my last post we are going to high levelsSupport during the last lies in the short term the level of 1311below that 1296-1304 Key level will be used for longer term bullish trend created leave is at 1280 points On the other hand, we can see resistance points in the 1326 1333 1349 The principal resistance level lies in…
XAUUSD The metal has made an impressive move last week Now the picture becomes longer term bullish as if we look at the daily level, we can see a number of things Support during the last lies in the short term the level of 1296-1304 Key level will be used for longer term bullish trend created leave is at 1280 points On the other hand,…