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
21 October 2016
Draghi gives no clues, euro selling-off as no plans for tapering in the horizon yet...
20 October 2016
Euro hovers near low as traders await Draghi...
19 October 2016
Chinese GDP meets expectations; CAD faces rate decision today...
18 October 2016
Dollar support eases, GBP manages to claw back some mild gains...
17 October 2016
USD records strong weekly gains as traders raise bets for rate hike...
14 October 2016
Dollar resilient, edges back towards recent highs...