Market Cap:
$238B
BTC Dominance:
65.61%
btc:
$8,640.09
eth:
$183.69
xrp:
$0.27
Advertise
Forex

30th Oct 2014 XAU/USD Gold Analysis

30th Oct 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 sustains fall towards 1210 as inflation remains low.

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 The robust employment growth has seen renewed confidence in the Dollar, which sees 1232 resistance hold firm and 1226 support broken.

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 prices returns to September’s support and looks to challenge 1200 level again. A retest of resistance at 1226 could be a good intraday entry for shorting.

Market demand for Gold falls as prices drop to September’s low on the back of the bullish Dollar sentiment. Though rates remain and no timeline is given on the raise, markets turned hawkish as the employment market looks robust and inflation kept low has investors turning to higher yielding investments.

Gold looks to stay below 1220 levels as dollar index spot move almost 0.7% higher to 85.95, Unemployment claims figures later today and Federal Reserve Chairperson Janet Yellen’s speech will further consolidate the market’s sentiments over the dollar’s strength and the price of gold.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bearish118212001210122612321241

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.