Trading news

GOLD: TECHNICAL SUMMARY FOR MAY 12, 2015

Posted on May 12, 2015 09:38

 

Gold prices ticked down sharply, yesterday and trading near the lower range of 3 weeks, The yellow metal unable to cross the 1210 and 1168. This metal is trading below the daily pivot level 1184.67.

Ichimoku cloud is acting strong resistance and indicating bearish continuation today. Tenken sen and kijun sen are above then the candles in h1,h4 and daily graph. Kijun sen is in horizontal position above then the candles and acting as a strong resistance level. Furthermore Senko Span A and Senko Span b are above then the candles and making bearish cloud for this metal.

Gold is likely to find support near 1177, on breakage open door for 1171 and 1167 respectively on the other hand resistance near 1190 on breakage open doors for 1197 and 1203 respectively.

Monday, 25 May, 2015 / 12:16

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

Source :

Trading news

 

USD/JPY Breaks Through Key Resistance To 7-Month Highs

Mystery virus poses a threat to the Chinese economy and the Phase One trade [...]

Posted on Wednesday, 22 Jan, 2020 / 12:35 under

Don’t fear the virus; BoC rate decision in sight

  BoC to stay on hold, but any hints of concern might elicit sharp [...]

Posted on Wednesday, 22 Jan, 2020 / 9:46 under

Pound Gains on Jobs Data, Awaits PMIs; BoC Decision in the Spotlight

Asian equities rebounded today after China’s National Health Commission [...]

Posted on Wednesday, 22 Jan, 2020 / 8:36 under