Technical analysis of gold for May 9, 2018

Technical analysis of gold for May 9, 2018

Gold price remains below the short-term resistance of $1,320 and above the short-term support and reversal area of $1,300. At current levels I’m bullish on gold. The downside is limited. A break above $1,319 will be the first bullish reversal confirmation. Red line – horizontal support The price bounced off the 50% Fibonacci retracement. The […]

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Technical analysis: intraday levels for USD/JPY for May 09, 2018

Technical analysis: intraday levels for USD/JPY for May 09, 2018

In Asia, Japan will release the leading indicators and the average cash earnings y/y. At the same time, the US will also deliver some economic data such as 10-y Bond Auction, Crude Oil Inventories, Final Wholesale Inventories m/m, Core PPI, and PPI. So there is a probability the USD/JPY will move with low to medium […]

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