Trading news

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 support level (coinciding with the 200-period SMA on the daily chart) as the greenback continued to weaken, weighed down by a back to back rise in Initial Jobless Claims and an array of weaker U.S. economic data, spurring safe have demand with 1815 and 1835 as the next resistance targets.

Support: 1800 / 1790
Resistance: 1815 / 1835

SquaredFinancial Daily Market Outlook

TRADE NOW

SquaredFinancial Review

Thursday, 26 Nov, 2020 / 10:03

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

Source : https://www.squaredfinancial.com/learn/daily-market-outlook/weak-economic-data-supported-higher-prints-gold-market-outlook-26-11-2020

Trading news

 

USDCAD 5-Wave Impulse To Complete Triple Zigzag

The USDCAD currency pair forms a primary wave Ⓩ which is part of a global [...]

Posted on Wednesday, 27 Jan, 2021 / 12:54 under

Republicans U-Turn On Trump Impeachment

Dollar Slides Ahead of FOMC The dollar index closed 0.27% lower yesterday as [...]

Posted on Wednesday, 27 Jan, 2021 / 12:53 under

OIL breaking higher after a surprise drawdown in API inventories – US OIL Market Outlook – 27/01/2021

WTI Crude breached our line in the sand resistance level at $52.60 to reach [...]

Posted on Wednesday, 27 Jan, 2021 / 9:26 under