Gold holds well above $1300

29 June, 2016

Major support - $1292 (200 HMA). The yellow metal has once again recovered after making low of $1305. It is currently trading around $1318.91. In hourly chart gold is trading slightly above Tenkan-Sen ($1315.56) and Kijun-Sen ($1313.62).

On the lower side, major support is around $1292 (200 HMA) any break below targets $1278 (daily Kjun-Sen) /$1259 (61.8% retracement of $1200 and $1358). The major resistance is around $1335 (161.8% retracement of $1358 and $1314) and any break above targets $1358 (24th Jun 2016 high)/$1372 (1.272% retracement of $1358 and $1305.38).

It is good to buy at dips around $1310 with SL around $1290 for the TP of $1335/$1358


Source link  
DAX30 struggles to close above 9800

Major resistance - 9815 (90 4H EMA). The index has broken psychological resistance at 9800 and jumped till 9812 at the time of writing...

Gold faces strong support at $1260

Major support - $1264 (21 day EMA). The yellow metal has declined drastically after fear of Britain leaving the EU eases. It is currently trading around $1265. Gold should close below $1264 (21 day EMA) for further weakness...

DXY breaks minor trend line resistance, targets 96

Short term trend - Bullish. Major resistance- 94.60 ( trend line joining 95.90 and 95.64). Major support - 94 (4H Kijun-Sen). US dollar index has broken major trend line resistance at 94.60 and jumped till 94.72...


German bund yields hit new record low

The German 10-year bund yields fell to a new record low on Wednesday, after testing its 2015 low of 0.05 percent yesterday, are likely to test zero as soon as this week, especially if the 10-year US Treasury yield finally breaks through 1.70 percent mark...

GBP/AUD IVs to take off post-UK referendum

Market focus to remain on 23 June referendum, this week is devoid of policy news but, of course, the markets will continue to follow closely the news on the forthcoming 23 June referendum...

US May consumer sentiment rise

The United States May consumer sentiment rose, although lower than expected on prospects of an economic rebound as cheap gasoline, low interest rates and recovery in stocks raise hopes in the minds of the US consumers...


NZD/JPY breaks major support at 73.80

Kiwi bears relentless amid risk-off sentiment persisting in the markets, both Asian equities and oil prices trading in the red. NZD/JPY extending overnight slump, breaks major support at 73.80, is on track to test channel base support at 72.30...

German bunds slump on Fed rate hike expectations

The German long-term bunds slumped on Thursday as investors cooled on safe-haven assets after FOMC April meeting minutes from the U.S. Federal Reserve’s strengthened bets of an interest rate hike in June...

  


Share: