Gold (XAUUSD) Update for January 07, 2016

January 7, 2016

GOLD looks like a short term safe haven trade as equity traders’ panic sell at the start of the New Year in the wake of geopolitically tensions and uncertainty about global growth prospects. Long term price remains bearish. My strategy is to go long for the following short term targets: 1st target $1118.00, 2nd target $1140 before we see a retest of $1046.

Summary, XAUUSD (GOLD) for the short term trader supports buy positions for price targets $1118.00 and $1140.00. Short positions are supported for medium term traders for a $$1046.00 target.

Publication source
HotForex information  HotForex reviews

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

XTB Rating
XM Rating
Trade360 Rating
OctaFX Rating
FXCM Rating
Orbex Rating

OptionFair Rating
Empire Option Rating
24option Rating
Banc De Binary Rating
TropicalTrade Rating
OptionBit Rating