GOLD In Daily Chart

GOLD In Daily Chart

21 November 2015, 16:11
Khurram Mustafa
0
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According to our knowledge we all knows that what we expecting from US. Well here are some chart where My Daily Indicators Indicates me some Strong momentum

Here I am posting some news from fxstreet.com, where I think momentum is more move in depth

XAUUSD

Gold failed to sustain early gains and turned negative for the day, as the greenback strengthened across the board during the New York session, dragging the metal back below $1,080 an ounce.

The yellow metal dropped to a low of below $1,076 an ounce, retracing previous day’s impressive gains.

Gold prices remain under pressure amid prospects the Federal Reserve will raise rates at its next meeting, with the metal having posted a 5 ½-year low of $1,065 an ounce on Wednesday, from where it staged a comeback during the second half of the week.

However, the recovery was limited by $1,088, now immediate resistance area to watch. 

 

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