Gold seems to have recovered from the lows of the day as the charts show. however, there is still the pessimism based on the idea that interest rates may move higher.
The rise in the US Dollar has affected the price of Gold for two months, as you will see in the chart below, there is some divergence showing, perhaps the rise of the US Dollar is going to slow for a while
Gold holds near 2-mth low on firm dollar, talk of US rate hike - Reuters Africa
http://news.google.com Mon, 25 Aug 2014 08:21:58 GMT
CNBCGold holds near 2-mth low on firm dollar, talk of US rate hikeReuters AfricaBy Lewa Pardomuan. SINGAPORE (Reuters) - Gold edged down on Monday, hovering near its lowest in two months on a firmer U.S dollar and speculation of an eventual increase ...
Read more ...
Gold back in the red after dismal week - MarketWatch
http://news.google.com Mon, 25 Aug 2014 05:32:24 GMT
Gold back in the red after dismal weekMarketWatchLOS ANGELES (MarketWatch) — Gold got back to its losing ways after last week's positive finish, slipping on Monday as traders and central bankers continue to assess the threat of rising interest rates ...
Read more ...
I will attach two more charts that are current as I post this, showing that the decline has moderated.
It will be interesting to see which way the metal will move as it breaks out of this range.
A conservative trading strategy is needed until this range is broken.
The rise in the US Dollar has affected the price of Gold for two months, as you will see in the chart below, there is some divergence showing, perhaps the rise of the US Dollar is going to slow for a while
Gold holds near 2-mth low on firm dollar, talk of US rate hike - Reuters Africa
http://news.google.com Mon, 25 Aug 2014 08:21:58 GMT
CNBCGold holds near 2-mth low on firm dollar, talk of US rate hikeReuters AfricaBy Lewa Pardomuan. SINGAPORE (Reuters) - Gold edged down on Monday, hovering near its lowest in two months on a firmer U.S dollar and speculation of an eventual increase ... Read more ...
Gold back in the red after dismal week - MarketWatch
http://news.google.com Mon, 25 Aug 2014 05:32:24 GMT
Gold back in the red after dismal weekMarketWatchLOS ANGELES (MarketWatch) — Gold got back to its losing ways after last week's positive finish, slipping on Monday as traders and central bankers continue to assess the threat of rising interest rates ...
Read more ...
I will attach two more charts that are current as I post this, showing that the decline has moderated.
It will be interesting to see which way the metal will move as it breaks out of this range.
A conservative trading strategy is needed until this range is broken.
Tag :
Gold,
trading strategies
