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
02 September 2015
Dollar rebounds against yen; Asian shares slip further...
01 September 2015
Markets look back at August volatility – September expected to give more direction...
27 August 2015
Risk sentiment revived by bounce in Chinese equities...
26 August 2015
US equities fail to hold the gains but Asia recovers the Green...
25 August 2015
Chinese concerns wreck global markets and currencies act weird...
24 August 2015
Risks unwind as investors show signs of panic...