Analysis of gold for March 10, 2014
March 10, 2014 7:05 amVideo
Latest News
- Video market update for May 10, 2024 May 10, 2024
- Technical Analysis – GBPJPY continues to ascend May 10, 2024
- Technical Analysis – EURUSD retests 200-day SMA near downtrend line May 10, 2024
- Bitcoin finds support from a weaker dollar – Crypto News May 10, 2024
- Weekly Forex Outlook: 10/05/2024 – US inflation numbers to shake Fed rate cut bets May 10, 2024
- Forex forecast 05/10/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 10, 2024
- Week Ahead – US inflation numbers to shake Fed rate cut bets May 10, 2024
- GBP/USD: trading tips for beginners for European session on May 10 May 10, 2024
- EUR/USD: trading tips for beginners for European session on May 10 May 10, 2024
- Market Comment – Dollar slides, gold shines after soft US labor market data May 10, 2024
- Technical Analysis – AUDUSD remains undecided near crucial technical region May 10, 2024
- Technical Analysis – USDCAD slips beneath 20-day SMA May 10, 2024
- USD/JPY: trading tips for beginners for European session on May 10 May 10, 2024
- EUR/USD and GBP/USD: Technical analysis on May 10 May 10, 2024
- Forecast for EUR/USD on May 10, 2024 May 10, 2024
- Forecast for GBP/USD on May 10, 2024 May 10, 2024
- Forecast for AUD/USD on May 10, 2024 May 10, 2024
- Outlook for GBP/USD on May 10. The British pound failed. Or it simply refused May 10, 2024
- Outlook for EUR/USD on May 10. The euro went up for no reason May 10, 2024
- The US dollar stumbled again May 10, 2024
The job creation data
in the US came in well above expectations. US Labor Department reported that the American economy
created 175,000 jobs in January. But the worry part is that the unemployment rate jumped to 6.7% from 6.6%.
Technical view
While I am preparing
this report, gold suddenly drops to $1,327.80 from $1,335.0 in Asia’s trading
session. Currently it is trading at $1,332.0. 200EMA acting as a good support
from last 5 trading days. The gold is trading in a range between $1,328.0-
$1,355.0. Break out either side will create a room for further movement. If it breaks below $1,328.0, it will fall to $1,318.0 and $1,310.0 and $1,297.0. From last
couple of trading days we recommend to sell on rallies with sl $1,355.0,
more strength for bears if it breaks $1328.0. If the price
breaks out on the upper side above $1,355.0, we will see $1,362.0 and $1,372.0. In
the daily chart, oscillators still in the sell mode. Any pull back leads to
generate shorts.
Intraday- Range
between$1,328.0- $1,340.0.
Positional- sell on rallies. $1,355.0 neckline resistance
S1 $1,328.0 R1 $1,355.0
S2 $1,318.0 R2 $1,362.0
S3 $1,310.0 R3 $1,395.0.
A day close above the
level $1,355.0, we will see $1,362.0, $1,375.0, $1,395.0, $1,420.0 and $1,440.0.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: