You are here: Home > articles > Commodities > Technical analysis and trading recommendations on Gold for February 19, 2015
Technical analysis and trading recommendations on Gold for February 19, 2015
February 19, 2015 8:10 amVideo
Latest News
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
The yellow metal prices bounced from a 6-week low after the Federal Reserve’s dovish statement. They are not in a hurry to raise the benchmark interest rate. In addition, the economic data in US was also disappointing. China is heading into a holiday period ahead of the Lunar New year. Before this holiday period, physical buying is moderate. In India, RBI lifted a ban on gold imports. Nominated banks get permission to import gold on a consignment basis. However, the 20:80 (EXPORT:IMPORT) scheme on gold has to be applied. Today at the Asian early session, the metal is gaining some ground ahead of unemployment claims. The nearest resistance exists at 1217.00. On a weekly closing basis, bulls must close above 1217.00. The intraday support exists at 1209.00. On the h4-chart, the prices are closed and trading above hourly moving averages. The prices are expanding lower swings on the hourly charts. Intraweek resistance exists at $1,227.00. Intraday resistance is placed at $1,222.50.
Resistance: $1,217.00, $1222.50, $1,227.00.
Support: $1,197.00, $1190.00, $1,185.00.
Selling below $1,1209.00.
Buying above $1,217.00.
TREND DECIDER LEVEL BETWEEN $1,191.00 AND $1,190.00.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: