EUR/USD rebounded back towards 1.16
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is surging into fresh highs…
Gold is oversold in the short term
Information is not investment advice
4H Chart
Daily Chart
Gold declined below its 1769 key support area yesterday and posted the lowest level since April 15 around 1755 USD/Oz, which is another support that we should keep an eye on. In the meantime, despite yesterday’s decline below the key support, I would not be shorting пold anytime soon, especially now when the technical indicators are oversold on the daily chart, which keeps the possibility for another leg higher. Therefore, don’t rush into shorting gold yet, we need to see some sort of a retracement in the coming days.
|
S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
|
1707.10 |
1735.39 |
1748.31 |
1763.68 |
1776.60 |
1791.97 |
1820.26 |
anonymous
Similar
The negative sentiment continued in the equity markets yesterday
Ichimoku Kinko Hyo AUD/JPY: The AUD/JPY pair is now trading within the Kumo…
Aussie and USD among the winners in G10 currency space
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the cloud…
Popular
Crédit Agricole: USD Growth Isn't Over Yet
The rally of the US dollar has stopped for a while. That allowed risk-on assets (GBP, NZS, AUD, stocks) and also gold to recover some losses.
Top Pharma Stocks to Buy Now
Which pharma stocks have the highest potential to grow?
EUR/USD rebounded back towards 1.16
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is surging into fresh highs…
Choose your payment system
