The gold market breaks the 1,250 usd/oz – Fx Markets
- Waterfall bags and geopolitical tensions rise in demand for gold.
- Of 1 250 $/oz $1.266 per ounce of gold and silver found.
- This session will keep the momentum of the bull market?
Yesterday the meeting rose gold is tried on the weakness of the dollar against its main competitors in our market data were worse than expected and leave the market, mainly because of a less optimistic tone, was bitter after the minutes of the meeting of the Fed to raise interest rates to your meeting in the month of March.
In today's trading, but continued the upward movement appealed to China as a "great champion" is given by the devaluation of the new currency due to geopolitical tensions between the United States and China Donald trump. This is accompanied by a dozens of car bombs have killed people in Syria and Islamic country, international stock markets is diminished.
There is still the instrument on the rise, now about 1,258 (R2 weekly) of resistance achieved from a technical point of view. If the price goes up, you're looking at the next level of resistance, 1,266 (R2 per month) and extensions, can go to 1,274 (61.8% Fibonacci level). Rose stages see recoil, support important varies between 1 250 and 1 244.
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