GOLD - USD - Printed a New 5-Month High at $1,270 - 04/10/2017 (GMT)
- Who voted?
- 480
- 0
- Timeframe : Daily
GOLD - USD Chart
Gold had an aggressive run to the upside over last week, although by the end of the session gave back almost all of its gains. The Syrian missile attack sent XAU/USD pair higher at $1,270 which is a new five-month high but the greenback headed higher following the U.S. jobs report with the metal reversing back to $1,255.
Technically, the precious metal is developing in an ascending move since December 15th of 2016, however over the last two weeks is consolidating within $1,240 - $1,265 as it failed to have a closing session above the latter area. If there is a successful jump above $1,265, then the price will be exposed towards $1,308. The MACD oscillator is flattening in the positive territory whilst RSI indicator is following a bullish path but is moving with weak momentum.
Technically, the precious metal is developing in an ascending move since December 15th of 2016, however over the last two weeks is consolidating within $1,240 - $1,265 as it failed to have a closing session above the latter area. If there is a successful jump above $1,265, then the price will be exposed towards $1,308. The MACD oscillator is flattening in the positive territory whilst RSI indicator is following a bullish path but is moving with weak momentum.
This member did not declare if he had a position on this financial instrument or a related financial instrument.
Add a comment
Comments
0 comments on the analysis GOLD - USD - Daily