Gold Weekly Update

M Samer Al Reifae7 Pinuri60 abonați
Whilst you can trade the dollar against any other currency, it’s predominantly traded against Euros (depicted as EUR/ USD) or British Pounds (GBP/ USD).  For both currency pairs the exchange rate is stated as the value of one Euro or Pound against the US Dollar – i.e. GBP/ USD 1.6000 means that for

Whilst you can trade the dollar against any other currency, it’s predominantly traded against Euros (depicted as EUR/ USD) or British Pounds (GBP/ USD). For both currency pairs the exchange rate is stated as the value of one Euro or Pound against the US Dollar – i.e. GBP/ USD 1.6000 means that for

BONUS AVAILABLE FOR BOTH NEW AND EXISTING CLIENTS

BONUS AVAILABLE FOR BOTH NEW AND EXISTING CLIENTS

Long Term=Bullish - major yearly resistance 1792-1804 needs to be exceeded on a monthly bass and close above 1840 to resume long term up bull trend.Medium Term=Neutral - It takes a weekly close above 1694 to turn the trend back to bullish. Resistance 1755-1765(Oct/Nov 2012 Resistance) Support 1500-1

Long Term=Bullish - major yearly resistance 1792-1804 needs to be exceeded on a monthly bass and close above 1840 to resume long term up bull trend.Medium Term=Neutral - It takes a weekly close above 1694 to turn the trend back to bullish. Resistance 1755-1765(Oct/Nov 2012 Resistance) Support 1500-1

Gold reversed early losses on Monday as the price to invest in Gold turned modestly lower to $1,605.10 an ounce, while the price to invest in Silver rose to $28.86 an ounce after the Euro-group said the Cyprus bailout agreement could be a template for resolving future problems in the euro zone banki

Gold reversed early losses on Monday as the price to invest in Gold turned modestly lower to $1,605.10 an ounce, while the price to invest in Silver rose to $28.86 an ounce after the Euro-group said the Cyprus bailout agreement could be a template for resolving future problems in the euro zone banki

The banking situation in Cyprus opens up another whole can of worms that makes things dangerous. What looks like a very bullish situation for gold is not a guaranteed one. It will all depend on how much panic comes out of the banking issue in Europe.In summary the downtrend is still intact in gold b

The banking situation in Cyprus opens up another whole can of worms that makes things dangerous. What looks like a very bullish situation for gold is not a guaranteed one. It will all depend on how much panic comes out of the banking issue in Europe.In summary the downtrend is still intact in gold b

Latest NewsDemand for physical Gold remains high on Friday, even as the price to invest in Gold eased modestly in choppy trade to $1,575.50 an ounce, while the price to invest in Silver inched higher to $28.52 an ounce, as the dollar remains strong, keeping the pressure on the metals as lawmakers ga

Latest NewsDemand for physical Gold remains high on Friday, even as the price to invest in Gold eased modestly in choppy trade to $1,575.50 an ounce, while the price to invest in Silver inched higher to $28.52 an ounce, as the dollar remains strong, keeping the pressure on the metals as lawmakers ga

Resistance for this week 1675-1685 2nd tier 1692-1705  (above 1705 = 1715-1722)  Support for this week 1653-1663 2nd tier 1635-1642

Resistance for this week 1675-1685 2nd tier 1692-1705 (above 1705 = 1715-1722) Support for this week 1653-1663 2nd tier 1635-1642

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