Overview:
The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its...
Expecting the channel to break this time as DXY is rallying, might retrace a bit towards the greenline, will open a sell position regardless of the retracement, pretty good ratio.
Gold
1233.39
Market managed to sustain drop where tested 1225 zone while as we see over the chart market will face support zone at 1215-20 for the uptrend line.
as long as market holding above support 1215-20 another rebound toward 1245-50 may be expected
below 1208 market will face new drop pressure to head for testing 1190-95 zone
Support ...
Overview:
Gold futures edged higher in European trade on Thursday, after minutes from the Federal Reserve’s latest policy meeting underscored caution about future rate hikes. Gold Comex division tacked on $6.40, or 0.52%, to trade at $1,230.20 a troy ounce by 06:59GMT. A day earlier, gold lost $5.80, or 0.47%.
On technical chart, Short term trend of Gold is...
