Gold (XAUUSD)- Golden pips

OANDA:XAUUSD   Gold / US-Dollar
Gold             has been stuck in this consolidation zone between 1241-1257. A strong upward trendline is starting to intersect with this consolidation zone which would allow gold             to take some direction further down or a bounce to start rising in price. Fundamentally USD has been weakening against most currencies and its possible that it could fall further. The heavily correlated pair USD/JPY             has been rising since the last weeks causing gold             to consolidate as the rest of the USD pairs were falling. Now that USD/JPY             has hit and rejected major resistances (see previous trade idea for UJ) we might start to see USD continue to fall and the safe haven yen strengthen taking gold             up with it.

Keep in mind next week we have a couple bank holidays including the 4th of July and also NFP on Friday. Could see low volume during the start of the week and then a pick up in trading as the market sets up for NFP. If this NFP report is the second weak report in a row and already the FED and economic data has been casting doubts on a third rate hike most likely at the end of the year in December we could see gold             go up for a ride as investors would definately be changing their outlook on the USD.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden