Gold holds well above $1300

June 29, 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

Publication source
Vinson Financials Ltd information  Vinson Financials Ltd reviews

February 17, 2017
US dollar poised to end the weak on a bearish note
The US economic data continued to post strong gains with building permits and Philly Fed manufacturing index beating expectations strongly. However, the markets were not quite impressed despite the data points supporting the hawkish Fed for more rate hikes...
February 17, 2017
Brent remained rather unchanged
There seems to be little drive for any real direction now. Brent remained rather unchanged on Thursday staying in a tight range above 55.50 dollars per barrel. The Asian upward impetus lost it legs when European markets opened...
February 16, 2017
U.S. dollar remained near its fresh highs
After touching the level 1.0550 the euro bounced off and was able to reverse a minor part of its losses. The overnight’s recovery attempt stalled just under 1.0600 barrier. The pair came under renewed selling pressure and slipped into negative territory in the late Asian session...

OANDA Rating
NPBFX Rating
 FXTM Rating
FX Giants Rating
FxPro Rating
EXNESS Rating

Dragon Options Rating
Empire Option Rating
Binary Brokerz Rating
GTOptions Rating
Banc De Binary Rating
OptionBit Rating