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gold advise

natalieFx (natalieFx)
Mar 25 2018 at 05:27
39 posts
What’s next? – GOLD 23.03.18

Gold prices were higher in Asian hours on Friday, with market players preparing for a fresh batch of economic releases later in the day, while the US dollar remains on the spotlight.
 
On the Comex division of the New York Mercantile Exchange, gold futures were up 0.87 percent at $1.338.90 a troy ounce as of 06:30 GMT.
 
The yellow metal moved away from two-week highs as the American currency recovered some positions after bouncing in the way of a widely expected interest rate hike on Wednesday.
 
Earlier this week, the US Federal Reserve increased its benchmark rate by 25 basis points to a range between 1.50 percent and 1.75 percent.
 
The US dollar index, which measures the greenback against six major currencies, was trading 0.24 percent lower at 89.16 by the time of this writing.
 
On Thursday, President Donald Trump announced tariffs on nearly $50 billion worth of Chinese exports invoking Section 301 of the 1974 Trade Act. The Trump administration considers China is violating multiple terms on US intellectual property.
 
Investors are concerned that the decision would increase tension between the world’s two biggest economies and potentially derivate in a massive trade war.
 
Meanwhile, BNP Paribas said it continues to expect a fourth interest rate hike this year.
 
“With the median dot holding at three hikes for this year by the tiniest of margin, for us the balance of risk is clearly weighted towards the FOMC bringing forward its rate path expectations,” wrote BNP Paribas.
 
On the data front, initial jobless claims rose to 229,000 from an estimated 225,000. Preliminary readings on manufacturing and services PMIs came below expectations at 55.7 and 54.1.
 
Ahead in the session, durable goods orders for February will be out at 12:30 GMT. New home sales for February are expected to be published at 14:00 GMT.

SNF_Complex (SNF_Complex)
Mar 26 2018 at 11:02
216 posts

gold possible scenario

Attachments:


SNF-Complex system - build in 2007 \ Tested from 1970.
victoriajensen
Mar 26 2018 at 18:05
1117 posts
Gold finally broke out above $1,350 today and the move to the upside will likely continue for now.

snapdragon1970 (snapdragon1970)
Mar 26 2018 at 18:07
1944 posts
That might change when Eur/USD hits 25 ,not far away.

"They mistook leverage with genius".
victoriajensen
Mar 27 2018 at 16:59
1117 posts
Gold bounced off from $1,356 but the move to the upside may still continue.

alexforex007
Mar 28 2018 at 06:12
774 posts
As of gold, the precious metal broke above the 1350 level, but the bullish momentum is lost due to the fact that risk aversion has come back into the markets. For now the 55 day EMA may act as support at the 1323 level. To the upside, the peak at the 1366 level could act as resistance.

victoriajensen
Mar 28 2018 at 17:08
1117 posts
Gold is very bearish for now. It is testing $1,325 and if it breaks out below that level it may fall to $1,306 again.

natalieFx (natalieFx)
Mar 29 2018 at 06:15
39 posts
HI @victoriajensen are you gold trader?

SNF_Complex (SNF_Complex)
Mar 29 2018 at 06:34
216 posts
SNF_Complex posted:

gold possible scenario


we hit main target 1323,

now I wait correct to 1355, than possible 1370-80


Attachments:


SNF-Complex system - build in 2007 \ Tested from 1970.
victoriajensen
Mar 29 2018 at 17:57
1117 posts
I do trade Gold, yes.

For now the precious metal is relatively bearish although it still hasn't broken out below $1,320. The question is whether it will do that before the end of the week.

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