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
Mixed
Oil - US Crude
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
Wall Street
Bearish
Gold
Bullish
GBP/USD
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
USD/JPY
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
More View more
Real Time News
  • RT @DailyFXasia: DailyFX財經網 正在舉辦2020美國總統大選站內投票! 投票入口:https://t.co/7gpyYij70p 投出您的神聖一票,我們將於活動結束後,以電子郵件的形式為您分享本次站內投票的最終結果! 歡迎轉發給您身邊的朋友,一同參…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.87%, while traders in NZD/USD are at opposite extremes with 72.22%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ehCglt4RT8
  • New Zealand Dollar Outlook: Cyclical Upturn Ahead for $NZDUSD? - https://www.dailyfx.com/forex/technical/candlesticks/nzd-usd/2020/10/27/New-Zealand-Dollar-Outlook-Cyclical-Upturn-Ahead-for-NZDUSD.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $NZD https://t.co/kHTDGf6lqv
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.22% 🇳🇿NZD: 0.17% 🇨🇭CHF: 0.13% 🇦🇺AUD: 0.11% 🇯🇵JPY: 0.09% 🇬🇧GBP: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/80LrZaVKVY
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/MWWPCQa00w
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.12% US 500: 0.11% Germany 30: -0.01% France 40: -0.08% FTSE 100: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/XAGdQtsijK
  • WTI crude oil prices fell for a second day to US$ 38.80, marking a two-day decline of 4.6%. The selloff pressure was primarily due to a rapid rise in global coronavirus infections and dwindling hopes for a US relief package before the US election. https://t.co/ZYgNr3B3BH
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/38gTDn8ejP https://t.co/fqwM6tbGfe
  • The US has registered 59,691 new coronavirus cases on October 25th, marking a decline for the second day after hitting a record on 23rd. Yet risk assets appear to be vulnerable to further pullback should coronavirus cases continue to climb around the globe. https://t.co/jcXzNDYhoD
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/LjEjTexrCg https://t.co/parnPmQwIj
Gold Still Testing Huge 1206 Level

Gold Still Testing Huge 1206 Level

2014-09-30 18:02:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

Gold Still Testing Huge 1206 Level

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“Ultimately, it may be that gold has been tracing out a triangle since Dec 31st of 2013 that leads to new lows. The metal needs to gain traction above 1296 to alleviate downside pressure. 1240 is resistance. Support for a bounce is seen at 1206. “

-Gold is testing 1206. Do keep in mind that gold has yet to confirm the new low in silver. Even so, any bounce should be treated as countertrend. Watch for resistance at 1240 (former low / trendline is nearby).

--Tradingideas are availabletoJ.S. Trade Desk members.

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

DISCLOSURES