Tag Archives: Gold

Gold Technical Analysis

After having found support ahead of the $1175.0 level last week gold ended the week on

The net long USD position continued to build this week, climbing to $48bn.

EUR/USD is challenging the resistance at1.2577 (see also the declining trendline).

It is a very thin calendar and most focus will be on speeches by Draghi andWeidmann.

Gold continues to find support ahead of $1175.0 on dips with bears taking some comfort in the lower daily highs the past two days.

EUR/USD continues to grind higher.

Euro PMIs are due for release and it will be interesting to see whether theimprovement in the financial ZEW expectations is mirrored in the PMIs.

EUR/USD’s bounce has thus far beenunimpressive.

EURUSD: The market is meandering higher in what seems an unfinished correction higher.

Today’s most interesting event are the minutes from the FOMC meeting on 29October,

Gains continued for gold Tuesday with the close above the 21-DMA ($1186.7) and

EUR/USD has weakened near the resistance at1.2577.