Gold Price Technical Outlook: Good Support at Its Feet
Gold is trying to lift off confluent support via a major long-term level and intermediate-term trend-line; provides a decent line-in-the-sand for now.
Gold is trying to lift off confluent support via a major long-term level and intermediate-term trend-line; provides a decent line-in-the-sand for now.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.
Equity markets extended higher last week with some establishing new all-time highs and others poking at technical resistance. Here are the levels to watch in the week ahead.
The Euro (EUR) continues to make gains against the US dollar (USD) but is sliding lower against the British Pound (GBP).
Yen marked a second weekly rally against the Dollar and takes USD/JPY into key support at the monthly range lows. Here are the levels that matter on the technical chart.