OctaFX | OctaFX Forex Broker
Open trading account
Back

Gold technical analysis: Yellow metal ends the week on its lows, sub-$1480/oz

Gold daily chart

 
The market is retracing down below the 50 and 100 DSMAs. A break below 1455.50 swing low could open the doors to further losses towards the 1400 handle. 
 
Alternatively, if the buyers can support the market, Gold could revisit 1480 and the 1500 level. A break above the 1520/1555 resistance can lead to a resumption of the uptrend. 
 

Additional key levels

 

EUR/JPY technical analysis: Euro ending the week near November lows

EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). However, last month the cross had a bull rally to the 121.00 figure. The marke
Read more Previous

DXY: US dollar to strengthen further in the near-term – MUFG

Analysts at MUFG Bank see more gains ahead of the US dollar as stronger economic data highlights that fears over a sharp slowdown in the United States
Read more Next
Start livechat