XAUUSD 2017-12-11 Intra-day analysis.

USD strengthens on November payrolls

Posted on
XAUUSD 12.12.17

XAUUSD intra-day analysis

XAUUSD (1248.79): Gold prices continue to extend their declines following last Thursday’s close below the 1262 handle. Price action fell to a 5-month low. The Stochastics oscillator on the daily chart is however, in the oversold level including the 4-hour time frame. This suggests a near term retracement. The gains in gold prices could be limited to the price level of 1262 where resistance could be established. Any upside gains can be expected only on a strong close above this level. To the upside, 1285 resistance will be back in focus. A reversal near the 1262 area could however spell more declines for gold prices in the near term.

(Visited 32 times, 1 visits today)

John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

Follow Me:
Twitter

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

© Orbex