OctaFX | OctaFX Forex Broker
Open trading account

Gold: Break of 1139 puts 1000,1070 under focus - 2ndSkies

FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, notes that Gold is currently forming smaller corrective moves, expecting the price to continue breaking lower.

Key Quotes

"After breaking through the 1180 multi-year support last week, the precious metal consolidated for 4 days before heading lower. The PM has now formed another corrective structure/consolidation on the lows, but this one looks to be a tad smaller."

"I'm expecting the price action to break lower from this consolidation, but any weak rallies into 1162 I'll look to sell. A break below the current yearly lows ~1139 put 1000 and 1070 under focus."

Nonfarm Payrolls in focus, 280k on the cards? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the US monthly employment figures will be released on Friday and said that she is expecting a reading close to 280K.
Read more Previous

USD/JPY bulls in control ahead of NFP’s

USD/JPY is trading at 115.16 and is well bid into the Asia open.
Read more Next
Start livechat