Thursday, 21 February 2019

Gold

Posted by FortFS at 09:57 Labels:

On Wednesday, gold tried to continue its upward movement, but at the end of the day, buyers lost all their advantages and as a result, the trading was finished in a slightly negative zone. The main factor of pressure on the yellow metal was the US dollar, which, after the publication of the FOMC meeting minutes, strengthened to all major world currencies. At the same time, protocols did little to surprise the market. The meeting participants signaled the suspension of the rate hike cycle until the situation with the impact of negative external and internal factors on the US economy will be clarified. Probably, some investors found positive information that the meeting also expressed an opinion on the possible resumption of the rate increase process in 2019 if the economic indicators meet the necessary requirements and forecasts of the Fed.
Also this week investors will monitor the trade negotiations between the US and China. Today, ministerial-level officials must join the negotiation process, and many investors still hope that the parties will be able to make progress. One of the signs of successful progress of the negotiation is Trump’s rather positive comments, which do not exclude the possibility of extending the terms of the truce after March 1.
In the United States itself, one of the main topics for discussion remains the confrontation between Congress and Donald Trump. While currently investors are quietly watching what is going on, if the aggravation of domestic political struggle will continue the market reaction can be very strong. Trump intends to declare a state of emergency in the country to attract additional funds to finance the construction of the wall on the border with Mexico. Today, Speaker of the House of Representatives Nancy Pelosi said that lawmakers will quickly respond to these actions and adopt a resolution to block the presidential decree.
Today is one of the most active days of this week in terms of publishing important statistical information. Investors will monitor preliminary PMI data for manufacturing and services sectors in Europe and the USA. Also today, the minutes from the last meeting of the ECB will be made public, and in the US statistics on sales in the secondary housing market, basic orders for durable goods and indices from the Federal Reserve Bank of Philadelphia will be presented.
On the chart, we see that the price has met serious resistance at the level of 1350.00. Now a downward correction is developing from this mark, which can be continued as the nearest strong support for the price is only at the level of 1325.00. In the longer term, the yellow metal retains good opportunities for continued growth with a new target at the level of 1370.00, but this scenario can only be considered after the price fixes above 1350.00. Now we are waiting for correctional movement.
 Resistance Levels: 1350.00, 1355.00, 1360.00;
 Support levels: 1340.00, 1325.00, 1315.00.
The main scenario - a decline to 1325.00
Alternative scenario - consolidation above 1350.00 and growth to 1360.00

On the graph, signals indicating the development of a correction wave are amplified. This scenario is now supported by signals of fundamental analysis. Therefore, today we give preference to short positions that can be initiated near the level of 1345.00.

15 comments :

  1. sheridavis25 February 2019 at 08:16

    Gold has always been a very valued metal. It rarely ever markdown in value, and when it does, it doesn't turn the world upside down. A part of farmland may face drought, the stretch of the sea can end up being oil spilled or run out of fishes, the store markets would collide intermittently, and most other forms of assets will devalue over time. Not gold. Not gold metal. There is a cause it is said, old is gold and pure as gold etc adages to mean the importance of gold. You can forever get a good return for the gold. Nearly all of the times, higher than what you paid for it. It is a great source of rapid cash when one is ever in dire requires to get rid of compounding debts. Can be used to make jewelry for a family marriage. Can be set as gifts during the marriage and as an element of gift to the groom family and as well as a gift to the married couple from parents on both side.

    Simply put, because Gold is Money. Gold has been used as money all through history for thousands of years, and I'll take it continues to be for hundreds more. Gold keep you against the inevitable devaluation of paper money and price rises. Since it obtains a fair bit of work to introduce gold into an economy against turning on a printing press for fiat currency gold typically retains its market price compared to other goods and services. There is a lot of gold, but it not so much as to create it truly abundant. That makes it an extremely of use medium for exchanging price. An essay writing service like custom essay writing service is an ideal solution for those students who need a little extra for their work, to make sure the standard is of the highest quality.

    ReplyDelete
  2. Bestwritingreviews26 February 2019 at 11:19

    Enchanting article! Grateful to you for sharing them! I trust you will keep having unclear shows on share with everybody! I acknowledge diverse individuals will be confused to look at this article!
    Web: Dissertation writing service

    ReplyDelete
  3. Kay Starr20 April 2019 at 00:21

    Gold is really expensive. You know a lot about this market. But do you know anything about uk universities 2017? Tell me.

    ReplyDelete
  4. AmandaOrleander30 April 2019 at 21:36

    https://paramountessays.com/dissertation It’s been proven that exercise can boost your memory and brain power. Research conducted by Dr. Chuck Hillman of the University of Illinois provides evidence that about 20 minutes exercise before an exam can improve performance.

    ReplyDelete
  5. JamesBr4 May 2019 at 20:07

    As writing is often tough and exhausting for any student around the world, our service www.payforessay.net is convenient for all learners. By writing your assignment, our experts take all responsibility for the final result. Throughout the years we have helped thousands of o students around the globe and we want you to be the next.

    ReplyDelete
  6. Essays SOS7 May 2019 at 14:18

    Gold is very valued one. Here the post about gold is really valuable. Good presenting style. Thanks for sharing. Essay Writing Services

    ReplyDelete
  7. Danielle Watson22 July 2020 at 12:06

    Hello, I would like to thank you for sharing this interesting information. The material provided here will be useful for a lot of people. I would like to share with you all as well one useful source https://mid-terms.com/buy-discussion-board-post/ which will be helpful for a lot of people.

    ReplyDelete
  8. AK Blogger18 January 2021 at 07:33

    It’s actually nearly unthinkable to come across well-qualified parties on this subject, even though you seem like you comprehend the things you’re indicating! Excellent 먹튀검증커뮤니티


    ReplyDelete
  9. 토토사이트23 February 2021 at 07:56

    I haven't seen anything interesting in a long time, and I'm writing on this form, so I hope to see you.토토커뮤니티

    ReplyDelete
  10. viet26 February 2021 at 10:37

    Your article was very impressive to me. It was unexpected information,but after reading it like this 카지노사이트, I found it very interesting.

    ReplyDelete
  11. 놀이터가드7 March 2021 at 06:07

    Hello
    Thank you for giving me useful information.
    Please keep posting good information in the future
    I will visit you often. Thank you.
    I am also running the site. 안전놀이터 This is a related site, so please visit once.
    Have a niceday!

    ReplyDelete
  12. 바카라사이트22 March 2021 at 08:58

    I seriously love your site.. Very nice colors & theme. Did you create this site yourself? Please reply back as I’m trying to create my very own site and would like to learn where you got this from or exactly what the theme is named. Many thanks. 먹튀검증

    ReplyDelete
  13. DUC DUC6 April 2021 at 07:19

    I saw your article well. You seem to enjoy 바카라사이트 for some reason. We can help you enjoy more fun. Welcome anytime :-)

    ReplyDelete
  14. siu nhưn nam17 April 2021 at 06:28

    Hello, I'm happy to see some great articles on your site. Would you like to come to my site later? My site also has posts, comments and communities similar to yours. Please visit and take a look 사설토토사이트

    ReplyDelete
  15. GOGOLIVE21 April 2021 at 05:28

    What a post I've been looking for! I'm very happy to finally read this post. 바둑이사이트 Thank you very much. Can I refer to your post on my website? Your post touched me a lot and helped me a lot. If you have any questions, please visit my site and read what kind of posts I am posting. I am sure it will be interesting.

    ReplyDelete

Subscribe to: Post Comments ( Atom )