
Gold futures traded lower on Friday, a day after recording the strongest daily surge for the month
Rising US Treasury yields and an uptrend in the greenback exerted pressure on [...]
XAU/USD may be coming off the year to date highs struck earlier in the month but we are finding repeated support around $1220, the 38.2% retracement of the July-December 2016 sell off. Look for resistance around the 50% retracement of $1250 then the 200 day Moving Average, currently $1263.
The FTSE-100 found support at the end of January close to the 38.2% retracement of the Trump election driven rally. Look for this to hold in the medium term around 7085, with resistance likely to be seen at January highs of 7354.
Thursday, 16 Feb, 2017 / 1:42
Source : https://www.stofs.com/en/newsroom/entry/TECHNICAL/gold-poised-for-200-day-ma
Gold futures traded lower on Friday, a day after recording the strongest daily surge for the month
Rising US Treasury yields and an uptrend in the greenback exerted pressure on [...]
The latest Fed and ECB statements move the currency market
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