OctaFX | OctaFX Forex Broker
Open trading account
Back

Gold not happy with the expensive dollar

FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov points out that the strength of the USD is exerting pressure on gold.

Key quotes

"The price has stopped at the support area 1212-1215 for now and if we take a look back we can see that the price usually makes a quick test of the 1180 support when it drops below 1210."

"So inside the area 1210-1180 movement is usually quick downside and quick recovery after that."

"If you make profit on the downside take it and run away."

Sweden Retail Sales (MoM) rose from previous -0.7% to 1.9% in August

Read more Previous

Canada Industrial Product Price (MoM) above forecasts (-0.2%) in August: Actual (0%)

Read more Next
Start livechat