Market Cap:
$233B
BTC Dominance:
65.72%
btc:
$8,478.49
eth:
$180.11
xrp:
$0.26
Advertise
Forex

10th Nov 2014 XAU/USD Gold Analysis

10th Nov 2014 XAU/USD Gold Analysis

XAUUSD, XAU/USD, Gold, Gold bullion, commodity, commodities, precious metals, metals, gold price, gold price forecast, gold price outlook, XAUUSD analysis, XAUUSD technical analysis, XAUUSD outlook, XAUUSD price, XAU/USD analysis, XAU/USD forecast, XAU/USD outlook, XAU/USD price, XAU/USD technical analysis, XAU/USD analysis, XAUUSD forecast Gold fell to 1131, the previous time this price was attained was April 2010

XAUUSD, XAU/USD, Gold, Gold bullion, commodity, commodities, precious metals, metals, gold price, gold price forecast, gold price outlook, XAUUSD analysis, XAUUSD technical analysis, XAUUSD outlook, XAUUSD price, XAU/USD analysis, XAU/USD forecast, XAU/USD outlook, XAU/USD price, XAU/USD technical analysis, XAU/USD analysis, XAUUSD forecast A robust rebound on the last trading day of last week from 1135.45 saw the previous resistance trendline broken upwards

XAUUSD, XAU/USD, Gold, Gold bullion, commodity, commodities, precious metals, metals, gold price, gold price forecast, gold price outlook, XAUUSD analysis, XAUUSD technical analysis, XAUUSD outlook, XAUUSD price, XAU/USD analysis, XAU/USD forecast, XAU/USD outlook, XAU/USD price, XAU/USD technical analysis, XAU/USD analysis, XAUUSD forecast 1187 looks likely to be the price level for the next major resistance, as seen from the support on 5th October 2014. Stochastics swung towards the overbought region fast after the bullish day

Gold gains with U.S Treasuries as low interest rates are expected to last longer than expected as average hourly earnings grow less than estimates, while inflation indicators still not up to expectations. Price of gold has fallen US$124 per ounce in less than a month as rapidly falling prices were deemed to be excessive and rebounds were seen just above 1130. Post NFP figures also dimmed views of a robust U.S dollar on the short term, recovering US$40 before the week’s trading ended.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bullish1135 11481165118211961210

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.