Trading news

Gold prices ticked down overnight

Posted on May 15, 2015 09:13

 

Gold prices ticked down overnight and unable to close above the resistance 1226.    

Tenken Sen and kijun shifted above the candles and indicating some correction in h1 graph, it can hit 1213 and will be supported above this level. Senko span A is above then the Senko Span B, will act as a good support for this metal near price area 1213.    

Furthermore the RSI of 14 days is overbought, some correction is expected. We will remain bullish but near 1205-1213 price zone.  

Scenario:

Recommendations (Sell) Key Supports: 
Entry Point: 1.5810 S1 1.5731
Take Profit : 1.5750 S2 1.5686
Stop Loss: 1.5840 S3 1.5645
Alternative Scenario:
Recommendations (Buy) Key Resistance: 
Entry Point: 1.5850 R1 1.5817
Take Profit : 1.5895 R2 1.5858
Stop Loss: 1.5800 R3 1.5903

Monday, 25 May, 2015 / 12:27

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://rinvestments.com/forex-forecast/gbpusd-wave-analysis-for-may-15-2015.html

Trading news

 

Risk Appetite Remains High On Trade Deal & US Data

Equities continue to remain poised to the upside due to a number of factors. [...]

Posted on Friday, 17 Jan, 2020 / 2:46 under

US earnings and data, China GDP propel stocks to fresh highs; dollar nears 8-month high vs yen

  China reports slowest annual growth in 29 years but signs of [...]

Posted on Friday, 17 Jan, 2020 / 10:05 under

GBP, NZD and USD the Main G10 Gainers, Equities Sail North

The dollar traded higher against most of the other G10 currencies yesterday, [...]

Posted on Friday, 17 Jan, 2020 / 8:41 under