On Friday we said: “Gold is in a consolidation phase, the price has no clear direction but holds pretty well given the current USD strength. Is this resiliency to the USD a bullish sign? We have a minor support at 1193$, if broken the price could head easily to 1183$ major key support of the 1180$ - 1222$ mid-term range. To the upside, 1200$ would be the trend shifting level from bearish to bullish. Our stance for the day is neutral.
Forex Technical Analysis
27 May 2015
Dollar surges to fresh multi-year high against yen...
26 May 2015
GBP shows resilience ahead of CBI data...
25 May 2015
Friday’s US inflation ushers more USD strength...
22 May 2015
Yen rebounds as BOJ stay put on stimulus...
21 May 2015
Dollar eases as FOMC minutes leave investors uncertain...
20 May 2015
Fed minutes take focus as dollar rallies...