It is a clear blue sky for USD, equity markets and dark clouds for gold. After Fed trims the bond purchasing program, gold submitted into bear hands. Gold touched the low of $1,216. In Asia’s trading session gold recovery its overnight losses little bit trading at $1,220. Taper signs the Fed holding faith in recovery. The US stocks soars after Fed kept short-term interest rates at 0% longer expected than earlier.
Gold holds its previous lows and trading at 1,220. It is a good sign for bulls. The hourly charts indicated buy mode with a positive divergence.
Intra
Resistance 1,226 1,237
Support 1,215 1,210
The material has been provided by InstaForex Company – www.instaforex.com
It is a clear blue sky for USD, equity markets and dark clouds for gold. After Fed trims the bond purchasing program, gold submitted into bear hands. Gold touched the low of $1,216. In Asia’s trading session gold recovery its overnight losses little bit trading at $1,220. Taper signs the Fed holding faith in recovery. The US stocks soars after Fed kept short-term interest rates at 0% longer expected than earlier.
Gold holds its previous lows and trading at 1,220. It is a good sign for bulls. The hourly charts indicated buy mode with a positive divergence.
Intra
Resistance 1,226 1,237
Support 1,215 1,210
The material has been provided by InstaForex Company – www.instaforex.com
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