Free no deposit Bonus Forex
Sunday, 18.08.2019, 20:04
Welcome Guest | RSS
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest

Total online: 1
Guests: 1
Users: 0
Main » 2019 » July » 17 » GOLD Gold prices forecast XAUUSD 17.07.2019: gold under pressure from American
GOLD Gold prices forecast XAUUSD 17.07.2019: gold under pressure from American


On Tuesday, gold finished trading lower by almost 0.6% against the dollar strengthening. Good data internal statistics actually deprive the Fed reason to lower interest rates. Therefore, the majority of investors several revised their expectations regarding future actions the regulator. But yesterday, Jerome Powell, speaking at an event in Paris, noted the growing impact on the country's economy to external factors. Experts interpret the statements of the Federal Reserve as a signal that the regulator may ease monetary policy against the backdrop of a significant slowdown in other economies, while ignoring the strong data on US labor market and the growth of consumer income.


welcome bonus forex


Supporting gold renders the situation in the stock markets, where the major indices are in the red zone. US stocks came under pressure after the oil and gas sector shares Trump statements on progress on the Iranian nuclear program talks. Just investors excited Trump statement on the possible introduction of new duties against China, if desired.

Today, the dollar and the situation on the stock market will remain in the focus of investors. Among the most important economic events of the day is to provide the publication of the inflation in the EU and report data on the construction sector in the US.



On the chart it is now formed a very ambiguous situation, the price is in the middle of a wide 1383.00-1438.00 outset and has almost equal chances for the resumption of the upward movement, and a further decline to the level of 1383.00.   


Levels of resistance: 1425.00, 1438.00, 1445.00;                                                 

Support levels: 1405.00, 1383.00, 1360.00.

The main scenario - increase to 1438.00.

Alternative - the breakdown of support at 1405.00 and decline to 1383.00.


General fundamental background on the market can be described as neutral, while the chart is now no good signal to enter the market. Therefore, we recommend to refrain from active trading this instrument. 


Gold prices forecast  FORTFS



Views: 30 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Forex Brokers
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright © 2019-2012
    Website builderuCoz