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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, AUD/USD
2021-06-18 16:40:00
EUR/USD Faces First Oversold RSI Reading Since February 2020
2021-06-18 14:00:00
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How Does Fed's Accelerated Timeline Impact the US Dollar? - Market Minutes
2021-06-17 18:30:00
Crude Oil Prices Pull Back as USD Gains, But Uptrend Remains Intact
2021-06-17 06:00:00
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How to Research Stocks: A Step by Step Guide
2021-06-19 08:00:00
Wall Street IG Client Sentiment: Our data shows traders are now at their most net-long Wall Street since Oct 30 when Wall Street traded near 26,509.50.
2021-06-18 16:23:00
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Gold Price Forecast – Big Down Week Has XAU Nearing Trend Test
2021-06-18 20:00:00
Gold Prices May Bounce as Markets Digest Fed Policy Pivot
2021-06-18 07:03:00
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GBP/USD IG Client Sentiment: Our data shows traders are now at their most net-long GBP/USD since Apr 12 when GBP/USD traded near 1.37.
2021-06-18 18:23:00
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2021-06-18 16:40:00
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Japanese Yen Forecast: Bank of Japan Extends Easy Policy, USD/JPY Unfazed
2021-06-18 04:00:00
USD/JPY Fails at Resistance and Pivots Lower, but the Underlying Trend Remains Bullish
2021-06-17 21:00:00
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Gold Next Resistance is Clustered around 1700

Gold Next Resistance is Clustered around 1700

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold Next Resistance is Clustered around 1700

Prepared by Jamie Saettele, CMT

Gold has exceeded the 50% retracement of the decline from the November top and focus has shifted to a cluster of resistance near 1700. Aside from round number significance, the 61.8% retracement resides near there as do lows from early December. Short term channel resistance is just above 1700.

Bottom Line – flat

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

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