Gold prices declined recently and remain at a risk of more losses, while EUR/JPY might continue to move higher. Gold Price Under Selling Pressure Key Points: Gold price declined heavily this week and traded below $1284 against the US Dollar. There is a major bearish trend line forming with resistance at $1280 on the… Continue reading Market Forecast 10/19/2017
The AUDUSD pair recovering from the 0.7730-40 support and eyeing more gains. Gold is placed well above $1285 for a move towards $1300. AUDUSD – Aussie Dollar Set to Rise Further Key Points The Aussie Dollar after a steep decline found support just above 0.7740 against the US Dollar. There is an ascending channel… Continue reading Market Forecast 11/10/2017
The USD/CHF pair is attempting a downside break below 0.9700, and Gold is about to break a major resistance area at $1290. USD/CHF Forecast – US Dollar Attempting Downside Break Key Points The US Dollar after trading towards 0.9770 found sellers against the Swiss Franc, and moved down. The USD/CHF pair is currently attempting a… Continue reading Market Forecast 29/09/2017
EUR/JPY Forecast – Euro Remains Sell on Rallies Key Points The Euro remains in a downtrend and recently traded below the 130.40 support against the Japanese Yen. There are two bearish trend lines forming with resistance at 130.00 and 130.65 on the hourly chart of the EUR/JPY pair. Today in the Euro Zone, the Italian… Continue reading Market Forecast 06/09/2017
Gold Price Remains Buy on Dips ahead of US NFP Key Points Gold price made a nice upside move towards $1323 against the US Dollar and currently correcting lower. There was a break above a bearish trend line with resistance at $1307 on the hourly chart. Today in China, the Caixin China Manufacturing PMI for… Continue reading Market Forecast 01/09/2017
Gold prices traded towards $1300 against the US Dollar this week and retreated sharply.
Gold price recovered well during the past few sessions, and moved above $1230 against the US Dollar. However, the price is now facing a monster resistance near $1235-36. The stated levels acted as a hurdle on many occasions as shown in the hourly chart. So, it won’t be easy for buyers to break $1236 for… Continue reading Gold Price Faces Crucial Challenge