Latest Forex Research

Gold Technical Analysis

$1242.7 remains key resistance with bulls needing a close above to confirm an easing of bearish pressure.

The pair started the week lower at $1.2827 in Asia Monday, the spot made a brief breach of NY’s low of $1.2831 to

Time spent above the 21-DMA was brief for X14 with the close below Thursday

The pair closed in NY Friday at $1.6288, just off its corrective pullback low of $1.6287 after rate had pulled back

The pair started the week at Y109.05, spiking to an early high of Y109.19 before correcting lower to hit session

The pair had a relatively quiet day Monday despite some big moves in peripheral markets.

Gains initially continued Friday with Stoxx50 working its way towards the current bullish target

Recent failures ahead of $1.3000 last week resulted in fresh lows with bulls now needing a close above

USD positioning was largely unchanged in the lead-up to the September 17 FOMC meeting.

The National Party has been returned with a mandate to govern at least as strong as before.

Future path of the AUD is a critical focus for businesses. Exporters are still frustrated by the AUD,

The weekend’s general election returned an increasedmajority to the ruling coalition of National, ACT, UnitedFuture and Maori.