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
23 March 2017
USD eyes Trump's Obamacare vote...
22 March 2017
Safe haven demand helps lift yen...
21 March 2017
USD weakness persists; but GBP unable to bank on that...
20 March 2017
G20 leaders fail to reach compromise, dollar on the defensive...
17 March 2017
Gold keeps its shine as the USD weakens; will need to prove itself by taking on 20DMA hurdle...
15 March 2017
A closer look at the US debt ceiling...