Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Gold trades flat, markets await French election result for further direction

  • Gold prices yesterday ends with small gain after a minor sell off till $1273.90. The yellow metal prices are muted as markets await first round French Presidential election results on Sunday.
     
  •  U.S dollar index has once again recovered from the yesterday low of 99.37. The index should break above 100 for further bullishness. Major weakness can be seen only below 98.86 level.
     
  • On the higher side, any break above $1300 will take the yellow metal till $1306 (161.8% retracement of $1263.87 and $1195.12)/$1332.
     
  • The major near term support is around $1274 (10- day MA) and any break below will drag the yellow metal down till $1255 (200- day MA)/ $1244 (50% retracement of $1195 and $1295).

    It is good to sell on rallies around $1282-$1283 with SL around $1291 for the TP of $1272/$1261.

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

January 19 15:30 UTC Released

USECRI Weekly Annualized

Actual

4.5 %

Forecast

Previous

3.3 %

January 19 15:30 UTC Released

USECRI Weekly Index

Actual

150.3 %

Forecast

Previous

147.6 %

January 21 02:00 UTC 14971497m

PHGDP YY

Actual

Forecast

Previous

6.9 0

January 21 02:00 UTC 14971497m

PHGDP QQ

Actual

Forecast

Previous

1.3 0

January 21 21:00 UTC 26372637m

KRPPI Growth YY

Actual

Forecast

Previous

3.1 %

January 21 21:00 UTC 26372637m

KRPPI Growth

Actual

Forecast

Previous

-0.1 %

January 21 23:00 UTC 27572757m

JPReuters Tankan DI

Actual

Forecast

Previous

27 k

January 22 07:00 UTC 32373237m

NOIndus Confidence

Actual

Forecast

Previous

2 0

January 22 08:00 UTC 32973297m

TWJobless Rate

Actual

Forecast

Previous

3.69 0

January 22 08:00 UTC 32973297m

TWExport Orders YY

Actual

Forecast

Previous

11.6 0

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.