Short-term resistance rests at $1,107 as short-term support can be found at $1,073.
Current Gold price: $1,094-$1,095/oz
Chart: H1 XAUUSD
Tuesday, July 28, 2015
Gold, Little To No Change
Not enough is happening today that can stir the Gold market. Relatively calm day for the yellow metal with just about $2 difference in price since opening as traders and investors are waiting for fresh news that would move the markets.
Short-term resistance rests at $1,107 as short-term support can be found at $1,073.
Current Gold price: $1,094-$1,095/oz
Chart: H1 XAUUSD
Short-term resistance rests at $1,107 as short-term support can be found at $1,073.
Current Gold price: $1,094-$1,095/oz
Chart: H1 XAUUSD
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Gold is narrowing its range for three consecutive days. A major expansion is getting to occur.
ReplyDeleteGood point!
ReplyDeleteStrong US Dollar pulling the price down.
ReplyDeleteLow demand for the precious metal has kept gold under pressure.
ReplyDeleteThis gold analysis is very useful!
ReplyDeleteGold is trading flat prior to FOMC today.
ReplyDeleteStill consolidating. after the sharp drop.
ReplyDeleteConsolidation continues for now but FOMC's rate decision might change that later today.
ReplyDeleteVery helpful post.
ReplyDelete