Price of Gold On Its 2-Month High
June 20, 2014 7:40 amVideo
Latest News
- Technical Analysis – GBPUSD posts 2-month high before paring some gains May 29, 2024
- OPEC+ supply cuts to stay, but patience might start running out – Special Report May 29, 2024
- USD/JPY: Simple trading tips for novice traders on May 29th (US session) May 29, 2024
- GBP/USD: Simple trading tips for novice traders on May 29th (US session) May 29, 2024
- EUR/USD: Simple trading tips for novice traders on May 29th (US session) May 29, 2024
- Trading Signals for GOLD (XAU/USD) for May 29-31, 2024: sell below $2,346 (oversold- 200 EMA) May 29, 2024
- Trading Signals for EUR/USD for May 29-31, 2024: sell below 1.0851 (21 SMA – 200 EMA) May 29, 2024
- GBP/USD: trading plan for the US session on May 29th (analysis of morning deals). The pound continues its correction May 29, 2024
- EUR/USD: trading plan for the US session on May 29th (analysis of morning deals). The euro is pushing in the channel May 29, 2024
- EUR/USD. May 29th. Bulls are running out of strength, but inflation can help them May 29, 2024
- GBP/USD. May 29th. The pound is not worried about the lack of drivers May 29, 2024
- US stock markets rally but volatility plunges – Stock Markets May 29, 2024
- Video market update for May 29, 2024 May 29, 2024
- Market Comment – Dollar trades sideways as focus turns to US yields May 29, 2024
- Nasdaq hits 17,000 milestone as market swings continue May 29, 2024
- Forex forecast 05/29/2024: EUR/USD, EUR/JPY, GBP/JPY and Oil from Sebastian Seliga May 29, 2024
- USD/JPY: trading tips for beginners for European session on May 29 May 29, 2024
- GBP/USD: trading tips for beginners for European session on May 29 May 29, 2024
- Will core PCE inflation spur a less hawkish Fed? – Preview May 29, 2024
- EUR/USD: trading tips for beginners for European session on May 29 May 29, 2024
June 20, 2014 – Commodities News
Hot Asset For Today: Gold
The price of Gold peaked up all the way above $1,320/ounce the highest price since April. Geopolitical tensions in Iraq and Ukraine and a weaker U.S. Dollar have prompted some to cover their short positions and that leaded to that bullish movement. But this is unlikely to last so we do not suggest to place longer-term buying positions, contrarily we should pay attention to the selling opportunities. The support is now lying at 1,307 and resistance at 1,330.
The price of Crude did not move much and the only good trading opportunity we saw when the Philadelphia Fed Manufacturing Index was released and showed positive data. The market reacted with buying position on oil and the price slightly increase to $106.25/barrel. Today we do not expect higher volatility as the U.S market does not release any data. The price might be influenced by Iraq situation. The movement is sideways with support lying at 105.60 and resistance at 107.00.
Related Posts: