Gold Analysis

Market news

12 February 2018

Gold Analysis

On 4-hour time frame chart we can see that the gold has been depreciation for several days.

At this moment, the price is correcting its last movements, however, it may be interesting to follow the next movements by the price and to see how it reacts near to the downside trend line and near to the resistance level.

Therefore, we can expect a further bearish movement on GOLD (XAU/USD).

U.S.: Federal budget , January 49 (forecast 50.2)

European stocks closed: FTSE 100 +84.63 7177.06 +1.19% DAX +175.29 12282.77 +1.45% CAC 40 +60.85 5140.06 +1.20%

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