Gold remains within extended range, awaiting fresh signals from Powell
Spot gold is trading in a choppy range for one week, awaiting fresh direction signals, with today’s speech of Fed Chairman Powell, being a key event.
The price action in past few days manages to stay above key support at $1920 (Fibo 38.2%…
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Break of 100DMA could spark stronger bearish acceleration
Bears extend into third straight day and emerge below thick daily cloud on Thursday, currently pressuring 100DMA (0.8941), above which the price action stayed for six months
The cross registered strong gains after breaking above 100DMA…
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Recovery extension brings new 2020 high in focus again
Cable extends recovery on Wednesday’s early US session trading after dollar accelerated lower and erased all gains from better than expected US durable goods data.
The pair advanced 0.67% on Tuesday and confirmed reversal signal on…
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Copper rises on US-China trade talks, progress in Covid-19 treatment
Copper remains in green for the third consecutive day and pressures psychological $3.00 barrier, which was cracked on last week’s spike to $3.0275 (new 26-month high), but rally failed to register weekly close above $3.00 level.
Improved…
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Extended consolidation under new all-time high likely to precede push towards 7.50 target
The pair is consolidating under new record high (7.4061) posted on Tuesday, as lira came under increased pressure on tensions between Turkey and Greece over dispute offshore borders.
Larger uptrend remains intact and eyes psychological…
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Near-term action holds within narrowing range but biased lower while below 10DMA
The Euro trades within triangular consolidation for the fourth straight day, but biased lower, as the upside remains capped by 10DMA (1.1839).
Rising bearish momentum on daily chart maintains negative signals which are reinforced by long…
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Gold remains at the back foot and tests again key $1920 support
Spot gold holds in red for the third consecutive day and probes again below pivotal support at $1920 (Fibo 38.2% of $1670/$2074) bull-leg / former all-time high of 2011).
This level acts as solid support as it contained several attacks in…
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