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
10 February 2016
Dollar slumps as yen and franc benefit from flight to safety...
09 February 2016
Gold and yen soar as investors seek safer assets...
05 February 2016
USD losses gets some reprieve ahead of NFP data...
04 February 2016
Dollar crumbles as sluggish data suggests slower Fed rate hikes...
03 February 2016
Dollar slips as another dip in oil dampens inflation expectations...
02 February 2016
RBA stays on Hold Aussie softer across the board...