Gold market is trying to exceed 1250 USD level with the latest trend. When we look at the recent developments in the global market, there are a lot of different risk factors and uncertainity. So, the gold market is pricing them. Gold is traded at the level of 1226 USD in the evening, and the bullish trend continues. In the continuation of the upward movement, the 1230USD level, which corresponds to the 200-day exponential moving average, stands out as the first strong resistance. After exceeding this level, Gold market may try the 1250 USD level in near future. Protecting 1220 USD level will be important in retreats. Below this level, we will be following the 1,200 USD support, which corresponds to an average of 1208 USD and 50 days exponential movement. As long as the 50-day moving average is maintained, the bullish trend can be expected to continue.
- Date: 07 February 2017 Tue 07:30
- Last Added
French Presidential elections are affecting the positive atmosphere on Euro
French Presidential elections are affecting the positive atmosphere on Euro...
Inflation rate is testing record levels in Turkey
Inflation rate is testing record levels in Turkey...
Non-farm payrolls data of the USA increased
Non-farm payrolls data of the USA increased...
Fed's politics interest decision gives direction to the global markets
Fed's politics interest decision gives direction to the global markets...
Oil market is trying to find a direction
Oil market is trying to find a direction at the last times....