Gold produced another installation of bullish price action that dissolved upward yesterday. We can see that setting fakey in the chart below was just one of the few recent installations of solid price action that gave traders an entry into this recent uptrend of gold.
Today's price action in gold form a candle of refusal bar little bearish pin at the strong resistance near $ 1262.00.Given that the bullish trend is mostly not recommend traders take possible entries counter-trend now. However, those merchants who get along on installing newer fakey can move stops to balance if the price drops below.
For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.
Comment:
The EURUSD acquired strength against the dollar today after successful bond auction of Portugal that fact concerns Tuesday appear somewhat exaggerated.
The Japanese Yen remained relatively stable against the dollar due to persistent concerns for the global economic recovery.
The Dow gained points 46.32, or 0.45%, the S & P 500 added 7.03 points or 0.64% and the Nasdaq added 19.98 points or 0.9%.
Brak komentarzy:
Prześlij komentarz