The metal has been on an uptrend and today opened above the pivot price which is at 17.650. Further upside is expected but some caution should be taken. Long trades can be opened today with take profit targets around 17.87 and also 18.00. But a few things should be noted.
Posted on: February 9, 2017
Gold continues its impressive bull run and is still out trade of the day as the market conditions have not changed much from what we observed yesterday. Price was mostly ranging yesterday and we expect for a more decisive more in today’s trading session.
Posted on: February 8, 2017
Gold has been on an impressive uptrend from the concluding few days of last month. The metal is in a bullish channel with the RSI indicator above the neutrality zone. Further upside is anticipated.
Posted on: February 7, 2017
Today the market opened above the pivot price which is at 0.8610. In the early hours of the day price moved towards the pivot which seems to be holding as a support zone hence pushing the market back up.
Posted on: February 6, 2017
The sterling is in a bullish trend against the Swiss franc with the market opening today’s session above the pivot price which is at 1.2532. Price is taking a slight consolidation around the median area of the bull channel.
Posted on: February 2, 2017