Gold continues to trade within a medium-term channel $ 1335- $ 1358. A further weakening of US dollar sent a quotation in the upper range of the specified Range. Consolidation continues. Trading activity is below average.
Exit from the consolidation is delayed. Inside channel trading with short stops is preferable.
March 1, 2017 Gold prices slightly fell
Gold prices retreated from fresh highs and spent the day in a consolidation. Sellers drove the spot to 1250 where the precious metal stayed in a tight range during the European session...
March 1, 2017 Markets muted to Trump's State of the Union address
Traders were not impressed by Trump's speech during his State of the Union Address late Tuesday as the dollar stayed muted. On the contrary, the dollar got a boost with comments from Fed officials who also spoke yesterday...
February 28, 2017 Markets await Trump's State of the Union speech
The currency markets are likely to stay flat ahead of President Trump's State of the Union Address to the Congress later this evening, in anticipation that the President will unveil his proposed tax reforms plans and also talk about the infrastructure spending...
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