Trading news

Gold Trades Muted Despite Bearish Market Sentiment

The precious metal is attempting to make some recovery, but price action remains broadly muted.

This comes even as the US equity markets are trading in the red on Monday.

With no clear progress on the stimulus bill and the dollar firming, gold prices are in check.

For the moment, the consolidation near the 1900 – 1911.50 level continues.

To the downside, a soft support is near the 1890 handle.

A close below 1890 could signal a shift for further declines in price action. This could potentially open the way for a move to the 1850 handle next.

Orbex Review

Tuesday, 27 Oct, 2020 / 1:35

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

Source :

Trading news


Oil Hits A 9 Month High

Oil Boosted By Better Risk Sentiment Crude prices have enjoyed a strong rally [...]

Posted on Thursday, 26 Nov, 2020 / 11:39 under

Sunak Announces Historical Borrowing

Dollar Keeps Falling from Grace The US index sank by 0.12% on Wednesday as it [...]

Posted on Thursday, 26 Nov, 2020 / 11:38 under

Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020

Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]

Posted on Thursday, 26 Nov, 2020 / 10:03 under