Gold has managed to expand the trading tunnel and make it between 1366 and 1300 levels trading from the beginning of 2018 to the present day. Gold traded at the beginning of the year upward towards the 1366 level but could not break through and trade above it as it returned and traded towards the starting point 1300. This scenariowas repeated four times during the first five months of 2018, as gol [...]
We can consider that the EURUSD trading the beginning of this month is negative by 1.19100, The pair touched the 1.19100 and started moving down and looking for a stability under this point. The stability by trading under the 1.19100 could be considered as a sign for a downtrend towards the 1.18500
Positive News on the US Dollar today could be the catalyst for a break of 1.19100 and a downtrend [...]
A breach and a rebound in trading below 1333 and a drop to 1316 could take the pair to 1310 levels in the coming days. The price of gold this week will be tied to the strength of the news on US countries. Positive news on the dollar will make gold heading down to 1310 levels.
This is how we looked at gold last week, a look down to 1310 levels, today gold is trading below this level as it touche [...]
The pair traded by the beginning of April in a positive way as the pair traded in a bullish direction from the level of 1.39878 and headed towards the levels of 1.42691, but the pair failed to rise above this level and went back down and broke the starting point 1.39878 and trended towards lower levels to a support point 1.37280 by the last day of April.
The first trading hours on May 1st are s [...]
After gold failed to trade and rebound above 1367 levels, the price surrendered to the downside and breached the support of last week's support levels to 1316 levels.
A breach and a rebound in trading below 1333 and a drop to 1316 could take the pair to 1310 levels in the coming days. The price of gold this week will be tied to the strength of the news on US Dollar. Positive news on the dollar [...]
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