Technical analysis: Gold rise while Crude Oil consolidates – ICN.com

Technical analysis: Gold rise while Crude Oil consolidates – ICN.com

Thursday trading witnessed Gold price rise again after moving to the downside yesterday, while Crude Oil prices slightly dropped but is still trading above 102.00; EURUSD pair dropped also today.

Gold trading

The metal inched higher today after the downside move yesterday that occurred due to profit taking after achieving the target referred to earlier represented in 1341.10, while positivity currently requires stabilizing above 1341.10; according to that, we recommend remaining on the sidelines waiting for more confirmation signals in the upcoming period. Trading range for today between 1323.20 – 1341.10.

For further recommendations: Gold technical analysis.

EURUSD

The pair dropped and is currently trading around 1.3655, while breaking 1.3635 – 1.3620 is significant to confirm the downside move as it is currently targeting the referred to levels. Trading range for today between 1.3620 – 1.3700.

For further recommendations: EURUSD technical analysis.

Crude Oil trading

The price consolidated today and is currently trading around 102.50 levels, while stability above 100.95 – 100.75 keeps the positive expectations valid targeting 102.80. Stop-loss should be placed below 100.75. Trading range for today between 102.80 – 101.95.

For further recommendations: Crude Oil technical analysis.

Continued here: 

Technical analysis: Gold rise while Crude Oil consolidates – ICN.com

See which stocks are being affected by Social Media

Share this post