Tag Archives: Gold

Gold Technical Analysis

Gold continues to work its way towards the $1240.5 June monthly low with

EUR/USD remains weak as can be seen byFriday’s weak bounce. Monitor the recent low at1.2920.

On a day with no real market movers focus will be on developments in Ukraineand the markets will further digest Friday’s job report and

The $1280.0 level confirmed its significance as key resistance last week with gold correcting sharply lower after

U.S. Review Q3 Kicks It into High Gear • The factory sector has accelerated,

• The net long USD position rose to $34bn; however as opposed to a long USD market,

Surprise action from the ECB hit the EUR-complex The ECB cut all three rates by 10 basis points through a surprise decision

EUR/USD has crushed its key support at 1.3105(06/09/2013 low) following the ECB’s decisions.

Focus is on the US labour market report for August. We look for a positivesurprise with a solid increase in non-farm payrolls of 260,000

The $1280.0 level confirmed its significance as key resistance with gold correcting sharply lower after

EUR/USD is testing its key support at 1.3105(06/09/2013 low).

Main event is the ECB meeting. We do not expect rate cuts or QE in connection withthe meeting but all options are expected to be left open.