Gold prices are modestly higher and scored another three-month high in early U.S. trading Wednesday. W1 price is located below SMA with period 100 (100 SMA) and below SMA with the period 200 (200 SMA) for the bearish market condition with the local uptrend as the secondary market rally: the price was bounced from 1047.65 support level for the rally to be started and with symmetric triangle pattern to be formed for the direction of the trend. If the price will ...
Daily price is on bullish market condition to be located above 200-day SMA/100-day SMA area for the ranging within Fibo support level at 1.3638 and 50.0% Fibo resistance level at 1.4160: "The Canadian Dollar has been a volatile currency across the board. Now, USD/CAD implied volatility over 1-month has reached the highest levels since November 2011. This expected volatility means uncertainty is high even with Oil breaking below the January 20 lows.""Now the focus turns to ...
Daily price is located below 200-day SMA and 100-day SMA for the bearish breakdown: the price broke key support levels together with 100-SMA/200-SMA to be reversed from the primary bullish to the primary bearish market condition with 95.66 bearish target to re-enter. If price will break 95.66 support so the bearish trend will be continuing.If not so the price will be on bearish ranging within the levels. ...
Recent Comments