Gold: Technical Overview & Daily Chart

This week's developments have stopped gold's bullish movement and the price is moving down instead.

Technical Analysis
21. 9. 2017
Gold: Technical Overview & Daily Chart

Today we would look at one of the safe-haven trading instruments, gold. With all the changes in currency prices this week and investors’ somewhat revived faith in the dollar, the value of gold was definitely affected.

The precious metal dropped in price to reach 1299.20, a level that corresponds to the 38.2% Fibonacci that characterized the previous movement of the price, when it went from 1204.81 up to 1357.53. The price is currently positioned in a downward price channel, so we can expect with confidence that the gold will slide further down. We forecast that this bearish movement will lead the gold to about 1281.17 in the near future.

However, we need to be alert, on the off-chance that the price of gold starts increasing again. If it does, and if it overcomes the level of 1321.49, then we can certainly speak of a resumption of the bullish trend that prevailed on the market when the whole issue between the United States and North Korea began.

In general, today we should see the price of gold move in a narrow range between the nearby support at 1281.17 and the resistance level of 1315.

SuperForex
CAD/JPY Technical Analysis

Technical Analysis

CAD/JPY Technical Analysis

We finally see the pair return to its rising channel.

SuperForex
20. 9. 2017
EUR/USD Technical Overview & Daily Chart

Technical Analysis

EUR/USD Technical Overview & Daily Chart

Amid news of the Fed meeting and elections in Germany, the pair is somewhat more volatile than usual.

SuperForex
19. 9. 2017
GBP/JPY Technical Analysis before BoJ Policy Rate

Technical Analysis

GBP/JPY Technical Analysis before BoJ Policy Rate

The GBP/JPY rally will continue after retesting the broken level.

SuperForex
19. 9. 2017