News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Madrid to go back on lockdown, which will affect 850k people $EUR
  • US Treasury Yields: 2-Year: 0.131% 3-Year: 0.154% 5-Year: 0.269% 7-Year: 0.463% 10-Year: 0.684% 30-Year: 1.439% $TNX
  • Heads Up:🇷🇺 Unemployment Rate (AUG) due at 16:00 GMT (15min) Expected: 6.2% Previous: 6.3% https://www.dailyfx.com/economic-calendar#2020-09-18
  • I am just going to do - I'll put this head and shoulders pattern on $SPX. These end up falling apart more often than catalyzing the expected reversal nowadays though https://t.co/gR820ncJlC
  • White House Press Secretary says negotiations on TikTok deal are ongoing
  • Nasdaq 100 extending losses now testing weekly lows https://t.co/hjC9QE6Kgy
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.41% 🇳🇿NZD: 0.35% 🇪🇺EUR: 0.09% 🇬🇧GBP: -0.07% 🇨🇦CAD: -0.09% 🇨🇭CHF: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0MhNNt277L
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.06% US 500: -0.15% Germany 30: -0.39% FTSE 100: -0.58% France 40: -1.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/df8XyEZWmu
  • USD/ZAR continues bearish momentum as SARB keeps rates on hold: Repo Rate remained at 3.5%. Get your $USDZAR market update from @RichardSnowFX here: https://t.co/vC65JoYbK2 https://t.co/ZvrFNrEtZ3
  • Fed's Bullard says he sees multiple sources that could push inflation higher $DXY $XAUUSD
Gold Technical Analysis: Prices Reach Seven-Week High

Gold Technical Analysis: Prices Reach Seven-Week High

2015-08-21 07:59:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Support: 1126.63, 1109.28, 1090.10
  • Resistance: 1151.79, 1170.79, 1194.30
  • For more analysis, visit our gold page

Gold prices continue to push higher having found fuel following the publication of July’s FOMC meeting minutes. A daily close above the 50% Fibonacci retracement1151.79 exposes the 61.8% level at 1170.79. Alternatively, a turn below the 1126.63-32.79 area (August 13 high, 38.2% Fib) clears the way for a test of the 23.6% retracement at 1109.28.

KEY UPCOMING EVENT RISK:

21 AUG 2015, 13:45 GMT – Markit Mfg PMI (AUG P) – Expected: 53.8, Prev: 53.8

Gold Technical Analysis: Prices Reach Seven-Week High

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES