Daily forex gold analysis

By: Fujin Date: 21.06.2017

Gold logged a second straight weekly loss on Friday as the dollar gained strength after the Federal Reserve increased interest rates and announced it would begin shrinking its holdings of bonds and securities this year.

Weekly Gold Forecast | DailyForex

The Federal Reserve also signaled that it was still on track for one more hike in The more hawkish-than-expected tone of the policy statement provided a lift to the greenback back but a series of disappointing economic data fueled expectations that policy makers would remain cautious.

The latest data from the Commodity Futures Trading Commission CFTC showed that speculative traders on the Chicago Mercantile Exchange reduced their net-long positions in gold to contracts, from a week earlier. In addition to that, the Tenkan-Sen nine-period moving average, red line and the Kijun-Sen twenty six-period moving average, green line are positively aligned, indicating that the bulls have the medium-term technical advantage.

The short-term charts, on the other hand, are still bearish, with the market trading below the Ichimoku clouds on the H4 and the H1 time frames. The Chikou-span closing price plotted 26 periods behind, brown line also reside below the clouds on both charts. With these in mind, I think prices will tend to drop further possibly reach the bullish trend-line on the daily chart before encountering more serious support.

Down below, we have the daily cloud occupying the area between the and the levels. The bears will need to demolish this support to make an assault on the critical level.

daily forex gold analysis

If the market can climb and hold aboveprices may proceed to Breaking up above the This is the key resistance for the bulls to capture so that they can challenge the bears on the Alp Kocak has been trading Forex since He writes technical analysis based on Japanese candlesticks sky forex bureau southall Ichimoku Kinko Hyo. Registration is required to ensure the security of our users.

Login via Facebook to share your comment with your friends, or register for DailyForex to post comments quickly and safely whenever you have something to say. Log in Create a DailyForex.

Want to get in-depth lessons and instructional videos from Forex trading experts? Register for free at FX Academy, the first online interactive trading academy that offers courses on Technical Analysis, Trading Basics, Stock broker firms chicago Management and more prepared exclusively by professional Forex traders. DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including daily forex gold analysis news, analysis, trading signals and Forex broker reviews.

The data contained in this website daily forex gold analysis not necessarily real-time nor accurate, fwm stock buy analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees.

Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully farmville 2 fv cash free your investment objectives, level of experience, and risk appetite.

We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page.

daily forex gold analysis

While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. Forex Reviews Forex Brokers Reviews Bitcoin Forex Brokers ECN Forex Brokers US Forex Brokers UK Forex Brokers Canadian Forex Brokers Australian Forex Brokers Singapore Forex Brokers South Africa Forex Brokers Islamic Forex Brokers Regulated Forex Brokers MT4 Forex Brokers Mobile Trading Brokers Social Trading Platforms.

Oil Trading Brokers Gold Trading Brokers NFA Regulated Brokers Automated Forex Trading More In Reviews Forex Brokers By Type Forex Signals Reviews Forex Products Reviews Forex Courses Reviews Forex Brokers Bonuses Binary Options Brokers Full Brokers List. Forex News Technical Analysis Fundamental Analysis Trading Mind Blog Forex Blog Financial Humor Forex Expo Forex Newsletter More Technical Analysis Weekly Forex Forecast Free Forex Signals Gold Price Forecast.

Analysis By Pair EUR-USD USD-JPY GBP-USD USD-CHF USD-CAD AUD-USD Bitcoin-USD Gold Oil.

Gold Price - Live Gold (XAU) Rate Chart, Price Forecast and Analysis

How To Choose a Broker Guide Learn Forex at FXAcademy Forex Articles Binary Options Trading Forex Social Trading Guide Forex Glossary Forex Basics Forex Webinars Forex Regulations. DailyForex Mobile App Need Help Choosing a Broker?

Daily Gold Analysis | Forex Trading | Gold Technical Analysis

Report Broker Scams Forex Widgets Sitemaps. Technical Analysis Gold Price Forecast Weekly Gold Forecast Weekly Gold Forecast 19 June 7: Alp Kocak Alp Kocak has been trading Forex since Forex News Technical Analysis Fundamental Analysis.

Gold Technical Analysis for the week of June 12 2017 by ysygohajavin.web.fc2.com

Sign up to get the latest market updates and free signals directly to your inbox. Sign Up Read Review. Free Forex Trading Courses Want to get in-depth lessons and instructional videos from Forex trading experts? Most Visited Forex Broker Reviews. About Us Contact Us. Enter your email address here:

inserted by FC2 system