BlogHotel.orgAccueil | Créer un blog | Imprimer la page Imprimer | Blog hasard Au hasard | Chercher des blogs Rechercher | Entrer dans le chat du blog Chat | | Jeux Jeux | Adminitration et édition du Blog Manager

wisepowder Accueil | Profil | Archives | Amis

Gold Price News and Forecast17/4/2021
The gold markets have rallied significantly during the course of the trading session on Thursday to reach towards the 50 day EMA.To get more news about WikiFX, you can visit official website.

  Gold markets have rallied significantly during the course of the trading session on Thursday to break above the 50 day EMA. By breaking above the 50 day EMA, it does suggest that we are going to go higher but there are a lot of reasons to think that it will be somewhat limited. The ultimate indicator that a lot of traders will use for finding the trend is the 200 day EMA, and that currently sits at the $1794 level. If we can break above the 200 day EMA, then obviously it is likely to send this market much higher. At this point time, the market is likely to go looking towards the $1850 level, and then possibly the $1950 level.

  All things being equal, the market is likely to see selling pressure somewhere between the 50 day and the 200 day EMA, especially if the interest rate yields in America continue to fall off. However, they turn around and shoot up in the air, then it makes quite a bit of sense that gold would rally due to the fact that it is cheaper to simply clip coupons on a bond then it is to pay for storage.  From a pure technical analysis standpoint, we have made a turnaround and it certainly looks as if we are trying to go higher, at least in the short term. The fact that we have shot higher during the trading session to gain over $30 almost immediately does suggest that we probably have further upside. If you are a short-term trader, then the gold market is likely to see more people buying.

Poster un Commentaire

Entry 1013 of 1717
Précédent | Suivant

Blog suivant >> Signaler un abus?Haut de page