Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities


Video: XAU/USD Weekly Review

November 9, 2009 at 14:10 by Andriy Moraru

This video reviews the weekly price action of the gold trading instrument (vs. the U.S. dollar) and outlines the U.S. unemployment rate jump as the main reason for the latest bullish situation on the market. The fundamental factors play an important role in the formation of the gold price, but it’s also very speculative (especially XAU/USD pair). I’d recommend paying more attention to the mentioned support and resistance levels as the main landmarks, instead of the proposed fundamental analysis.

Video created by PairFX.

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