Gold remains stuck in a range

November 11, 2015

 The range bound action in Gold remains intact for the third straight session amid USD strength and the weakness in the stock markets. 

Gold comatose, while treasury yields dip

Prices trade comatose around USD 1090/Oz levels, while the treasury yields dipped. The 2-yr yield fell more than 1 bps and the 10-yr yield declined by more than 2 bps. However, the weakness in the yield has had little effect on the USD index, which trades largely unchanged around 99.20 levels. 

Ahead in the day, there is little reason for the metal to breach its three day old range of USD 1085-1095 as the US markets are closed and the economic calendar is empty. 

Gold Technical Levels

The immediate resistance is seen at 1091.53 (hourly 50-MA), above which the prices could test 1100. On the other side, support is seen at 1085.44 (Friday’s low), under which the losses could be extended to 1070 (July lows). 

Publication source
OctaFX information  OctaFX reviews

September 30, 2016
Euro continues to trade sideways inside a 100pips range
Looking at the hourly chart, the pair still fighting to overtake 1.1235 barrier, which is considered as the near-term resistance for the single currency...
September 29, 2016
Will Brexit be more painful for Europe rather than for the UK?
The risk is increasing on the market ahead OPEC meeting in Algiers and Yellen testimonial, which will happen before the House panel. FED-fueled rally on gold starts to fizzle out as the December futures keep on a losing streak for a second day, finally dipping by 0.12% to 1,328.75...
September 28, 2016
US presidential debate moves unwind
The market’s initial response to the US presidential election debate overnight was a clear sigh of relief. The Mexican Peso, which had hit a record low against the dollar just the day before, surged higher, as too did the Canadian dollar...

Tickmill Rating
Orbex Rating
Grand Capital Rating
FOREX.com Rating
Larson&Holz IT Ltd Rating
HYCM Rating

TropicalTrade Rating
TopOption Rating
OptionRally Rating
24option Rating
Empire Option Rating
IQ Option Rating