Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Daily Market Analysis by CapitalStreetFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="CapitalStreetFX, post: 89770, member: 35035"] [b]Yellow Metal To Face Strong Resistance at $1143[/b] Spot gold got a nice boost from the FED, rising up to a daily high of $ 1,135.74 a troy ounce, its highest since September 2, after US policy makers voted to keep the federal funds rates unchanged. The bright metal closed the day around $ 1,132.00 a troy ounce, as the US Central Bank decision took out some of the pressure over the commodity. [img]https://charts.mql5.com/8/860/xauusd-h4-forex-capital-markets.png[/img] Nevertheless, the recovery stalled short from confirming a longer term advance, although the daily chart shows that the price has managed to advance beyond its 20 SMA, whilst the RSI indicator heads higher around 56. In the same chart however, the 100 DMA maintains a strong bearish slope above the current level, providing a strong dynamic resistance now around 1,143.50, while the Momentum indicator heads higher below the 100 level. In the 4 hours chart, the price has extended above a now bullish 20 SMA, whilst the technical indicators have lost their upward strength near overbought levels. The immediate support is now around 1,126.60, September 8 daily high, with a break below it pointing for a continued decline towards the 1,110 region. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…