29 Sep 2014
Gold not happy with the expensive dollar
FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov points out that the strength of the USD is exerting pressure on gold.
Key quotes
"The price has stopped at the support area 1212-1215 for now and if we take a look back we can see that the price usually makes a quick test of the 1180 support when it drops below 1210."
"So inside the area 1210-1180 movement is usually quick downside and quick recovery after that."
"If you make profit on the downside take it and run away."
Key quotes
"The price has stopped at the support area 1212-1215 for now and if we take a look back we can see that the price usually makes a quick test of the 1180 support when it drops below 1210."
"So inside the area 1210-1180 movement is usually quick downside and quick recovery after that."
"If you make profit on the downside take it and run away."