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
31 July 2015
Q2 GDP reading supports calls for Fed rate hike...
30 July 2015
Dollar rises as investors eye September rate hike...
29 July 2015
Dollar eases as investors await Fed...
28 July 2015
Chinese selloff continues, USD in support as Fed policy meeting starts...
27 July 2015
Caution prevails ahead of key events this week...
24 July 2015
Euro rises as Greece edges towards bailout...