Trading news

STO Technical - Gold eyeing break higher?

The precious metal has been in a consolidation phase for almost the last two weeks, finding support at the 38.2% retracement of the H2 2016 sell-off. The October 2016 lows around $1250 will act as likely resistance in the short term.


The long term downward trend on EUR/AUD remains in tact despite last week’s modest bounce. We are currently trading on the 23.8% retracement of the 2008-2012 sell-off, with a move lower likely to open up support at the April 2015 lows around 1.3700.



This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.


STO Review

Monday, 20 Feb, 2017 / 9:13

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

Source : https://www.stofs.com/en/newsroom/entry/TECHNICAL/gold-eyeing-break-higher

Trading news

 

AUD/NZD: Bull ready to move upon a breakout at a key level

AUD/NZD has been bullish in the daily chart. The pair produced a doji candle [...]

Posted on Friday, 07 Aug, 2020 / 12:21 under

EUR/USD Examins Upward Trendline Support - Checkout Quick Trade Idea! 

The EUR/USD is trading with a slight bearish bias at 1.1820 level, mainly due [...]

Posted on Friday, 07 Aug, 2020 / 10:33 under

Trump fans the geopolitical flames ahead of NFP

Nonfarm payrolls to set the tone for markets, along with stimulus [...]

Posted on Friday, 07 Aug, 2020 / 8:39 under