Rimani 
Condizioni di trading
Strumenti
The yellow metal is extending losses for 2 consecutive weeks. After a big fall at Tuesday's session, it was mild gains at the end of yesterday's session. Stronger USD puts pressure on the metal. Today, data on US unemployment claims and pending home sales are due. We expect positive readings from the US. Greece is another major factor. In June, Greece must repay 1.6 billion euros to IMF. Greece is unlikely to be able to repay without a deal.
Yesterday, the metal held the support at $1,183.00 bounced a bit. At today's Asian session, the metal was trading at $1,187.00 compared to Wednesday's closing price of $1,187.50. The support is found at $1,183.50 100.00FE, low made $1,183.40. At our Tuesday's article, we advised selling below $1,198.00 with targets at $1,191.00, $1,185.00, $1,182.00,$1,178.00,$1,173.00, and $1,166.00. We recommend fresh selling below $1,182.00. Optically the metal has been making positive divergence in the hourly chart. Intraday resistance is seen at $1,191.00, $1,195.00, and $1,197.50. Risk buying trade is available above $1,192.00 aiming at $1,195.00 and $1,197.00.
To contact the author of this analysis, please email- joseph.wind@analytics.instaforex.com
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
