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
25 July 2016
USD maintains its grip against the Euro and the Yen, with fundamentals tilting in its favour...
22 July 2016
Dollar slips against the yen as Kuroda dismisses talks of Helicopter money...
21 July 2016
ECB watched for post-brexit action, euro seems to be anticipating more easing...
20 July 2016
Dollar extends higher on strong housing data...
19 July 2016
GBP on the defensive; Kiwi sells off after new proposals from RBNZ...
18 July 2016
Risk aversion eases after Turkish coup fails...