Tag Archives: Gold

Gold Technical Analysis

After making marginal fresh 3 month lows Wednesday gold recovered a little.

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

EURUSD: EUR/USD should give something back. Correctively target 1.3145\53 before down.

Euro-area service PMIs are due for release and focus will be on the first figure forSpain and Italy.

Last week’s failure to gain a foothold above the 21 & 100-DMAs has resulted in

EUR/USD is challenging its key support at1.3105 (06/09/2013 low).

Focus will be on the US ISM report. Last month’s report came out very strong,reaching a three-year high level of 57.1.

Last week’s rallies failed ahead of $1300 following spikes above both the 21-DMA

EUR/USD continues to move lower and is nowclose to its key support at 1.3105 (06/09/2013low).

Focus will be on European and Asian data with the US closed for Labour Day.

Bulls took comfort in the spike above the $1292.4 previous resistance and the 21 & 100-DMAs Thursday,

U.S. Review Data Details Show Economy Continues to Firm • Second quarter GDP was revised higher to a 4.2 percent annualized rate,