The dollar climbed to a four-week high after the Fed judged the US economy strong enough to end its asset-purchase program. Gold lowered against the US dollar yesterday as well in the early Asian Session. This metal placed low 1205.43 and crossed the low of 9th October but strongly supported above the price level 1204 the low of 8th October.
Technically this metal is in bearish trend but…Continue
Gold prices firmed against the US dollar, this metal will cross the resistance level 1255 or cross the physiological level 1200, it will be cleared today on FOMC Statement at 11pm. Technically this metal is in bullish trend for day trading. Strong bullish trend line can be seen in weekly graph. The expected target for this metal is 1265. This metal is trading in side wave since Monday, trend will be cleared on Fed Decision.
Technically this metal is in side wave because
sell below 1.6180 sl 1.6210 TP 1.6150
eur usd :
sell 1.2750 sl 1.2785 tp 1.2720
Gold prices are moving between small gain and losses since two days. Gold prices were strongly consolidated below the price level 1255, the high of 21st October and. The yellow metal is in a side waves since two days and did not show any clear direction. The rectangle which was started on 23rd October is also indicating bullish signal. gold is currently traded near the lower limit 1227, on…Continue