gold

[alaska27]

There is a bearish trend developing on GOLD pair.

 

[june pinto]

I feel that the rise in global equities has weighed on the precious metal prices as the investor appetite for risk aversion asset has diminished. The somewhat calmness in the global stock markets ruled over the investor’s sentiments although the metal is the best performing asset this year by still maintaining 13% returns. Strenght in USD also dented the gold. I will now be looking forward to the minutes of the FED’s January meeting which would be released later today to measure the bank’s view of the economy and prospects of next rate hike this year.

 

[arigoldman]

Going down imo

 

[arigoldman]

Consolidating around the $1,235 level.

 

[alaska27]

Well, the asset moves as I’ve predicted. I think that I can earn even more on XAU/USD! Definitely, the show must go on =)

 

[arigoldman]

Expecting $1,188

 

[alaska27]

I think that the XAU/USD asset would renew its maximum.

 

[arigoldman]

Expecting a move down.

 

[arigoldman]

Still bearish.

 

[alaska27]

I suppose that the price will turn after reaching the 1245.50 level.