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2020-10-12 • Updated
Gold finally moved above $1 900 – again. How established is that high now? A brief look suggests that the mid-term trend is bullish so $1 960 may be reached thin a week or two. However, in the short-term, it is possible that a downward bounce will take place from $1 930 to $1 900. Very possibly, the price will drift slightly below the 50-MA just like it did on October 6, and then will get back up to break $1 930. That’s why the key, for now, is to verify the downward reversal from $1 930: the 50-MA is waiting!
Besides US Retail Sales data, Australian Unemployment Rate and New Zealand GDP this week will bring us Quadruple Witching – one of the four most important days of a year for futures and options!
During this week gold has been consolidating in the $1807-$1820 range waiting for the US jobs data announcement…
Daily Chart 4H Chart Gold began the week higher breaking multiple resistance areas, including 1780 followed by 1800 and closed yesterday's trading above 1800 for the first time since the flash crash that happened few weeks ago…
US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article! Let’s check the charts and set some goals! NASDAQ (US100) US100 index plunges as the US dollar strengthens…
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
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