Tag Archives: Gold

Gold Technical Analysis

The bounce Friday has eased bearish pressure and seen immediate focus

The hesitation ahead of the $1170.8 Dec 22 low combined with daily studies at

EUR/USD has declined further to 1.2165 and resulting rebound feels weak.

The break lower Monday confirmed the bearish bias and

EUR/USD has declined further below support at 1.2247 to 1.2217(yearly new low).

There’s a lot of US data on the agenda today. US durable goods orders are expected to

The break of the 61.8% Fibonacci retracement at $1179.5 Monday came following another

EUR/USD has declined further to its support at 1.2247.

A very quiet day on the data front with US existing home sales and

Bears take comfort in the lack of follow through following the spike above 21 & 55-DMAs Thursday.

USD bullish sentiment has softened, with today’s data marking the fourth consecutive week of a narrowed USD long position.

EUR/USD has declined further and is now near its support at 1.2247.