Wednesday, 24.02.2021, 20:15
Free no deposit Bonus Forex
Welcome Guest | RSS
Site menu
Our poll
Rate my site
Total of answers: 40

Total online: 1
Guests: 1
Users: 0

GOLD prices forecast XAUUSD 01.10.2019: the price of gold at 2-month lows


On Monday, gold finished trading at 2-month low. Reduction occurred against the background of strengthening the dollar, the growth of treasury and government bond yield recovery of the US stock market, which greatly weakened investor demand for the yellow metal.

It is worth noting that the results of September gold showed a decrease of more than 4%, but at the end of the third quarter recorded an increase of more than 3%.


welcome bonus forex



On Tuesday, gold retains downward motion vector, -0.35% since the beginning of the day. Pressure on prices continues to have the situation in the stock markets, major indices traded in the green zone, and the US dollar, whose index is close to the established in the beginning of September, the annual maximum.

Today, the market is expecting a very busy news calendar. In European trading session, investors will focus on PMI manufacturing data sector and the provisional figures for the consumer price index. On the American trading session, pay attention to the speech of FOMC members Richard Clarida, James Bullard, Michelle Bowman and ECB President Mario Draghi. Also in the US will be published PMI manufacturing sector from the ISM.

In the graph there was a breakdown of the lower border of the price channel 1485.00-1523.00. As part of the trading day the bears have achieved the goal marked earlier at 1460.00. This is a fairly strong level of support, so it can be expected the formation of recoil movement. But trade priority remains on the sales side.

Levels of resistance: 1473.00, 1485.00, 1510.00;                                                 

Support levels: 1460.00, 1450.00, 1435.00.

The main scenario - a correction in the area 1473.00 and the resumption of the downward movement.

Alternative - the breakdown of support at 1460.00 and 1450.00 to decline from current levels.

The market is dominated by negative fundamental background. dominated bearish signals on the graph. We consider the sale of the levels 1473.00 and 1485.00.


Gold prices forecast  FORTFS




Views: 147 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Sign Up | Log In ]
Log In
Entries archive
Site friends
Copyright © 2021-2012Website builderuCoz