Prices of Gold Fundamentals Daily Forecasting – Decrease Prices as Positive Break site News Dollar Tumble
The catalyst who changed the euro and as a result of the news of gold around the gold market was that British Prime Minister Theresa May had made an agreement with the European Union, which will continue to reach European markets after UK financial services companies after BRxIT, Times Thursday Report to
We can not say total surprises to jump in gold prices. From a technical perspective, the market improved from 50% to 61.8% of $ 1,184.50 to 1246.00 from $ 1215.30 to $ 1208.00. Since this area has recently represented the price after the $ 60 rally, some buyers paid an aggressive speculative bid of $ 1213.40 on Wednesday and Braxtil News to stop the price slide.
The biggest worry for moving forward of the golden bull should be to find the catalyst, which will trigger a rally in the last week’s highest $ 1246.00.
The important area to look at is $ 1229.70 to $ 1233.50. The business reaction in this area will tell us whether the bull control has been withdrawn, or the bears are controlling the price action.
Factors that keep weight on gold are increasingly in demand for riskier assets, strong treasury yield and a strong US dollar. Factors that reduce prices include the weak dollar, low yield flats, or another volatile sale in the US equity markets.
Despite the early Thursday’s rise, if buyers fail to run the market through $ 1233.50 then there is a possibility of a rally.
The gold markets fell during the trading session on Wednesday, but it seems they are trying to find somewhere close to the level of $ 1215. Above $ 1220 level should be the resistance. If we can break above that level, then I think the market can be very high. However, we are at a serious intimate point.
During the trading session on Wednesday, gold markets are skittish slightly, which are moving towards $1215 before the slightest bounce. However, if we see the strength of the US dollar, then the weight of the gold markets can normally increase. If this happens then I hope to reach the level of $ 1200, possibly less than that but not too much, because we have seen such a huge surge from the $ 1185 level. At this point, I like the long period of sleeping but I also believe that there are many moving pieces now, so it would be difficult to jump in full position.