Gold continues to trade sideways gravitating towards $1,250. Price is now $1,253 as Gold bugs wait for fresh news to stir the market. Silver is also range bound around $17.40.
EUR/USD is trading slightly higher in today's early European hours. The pair made a high of 1.1280 a couple of weeks ago and has been downgrading since then. Current market price 1.0979.
Gold is trading in consolidation between $1,260 and $1,250. The precious metal has been in a downmarket since the end of September. Major support zone is seen at $1,200-$1,210.
EUR/USD is higher in today's early European hours. The pair is now trading at 1.1007 and already made a high of 1.1026. If we do not get above 1.1020 today there is a big chance to see further depreciation of the pair.
Gold is trading higher today making a high of $1,262. The precious metal is dangerously below the 200SMA indicating that there could be a drop. Major support is $1,200-$1,210. Resistance is $1,280.
EUR/USD is trading relatively unchanged since yesterday's calm levels around 1.10. The pair is now slightly below at 1.0995 and it seems to be consolidating ahead of market news and reports that will create volatility. Main trend remains bearish, expectations are in favor of the US dollar.
USD/JPY has come to a consolidation at key level around 104. The pair faced resistance at 104.63 and then retreated to lower levels. USD/JPY is currently trading at 103.51. It appears that bulls may attempt to reach the 200SMA at 107, which may happen before year end.
EUR/USD is trading somewhat higher today after three days of consolidating around 1.0960. Price is now 1.0988. Bearish momentum continues to be present.
Gold is trading at yesterday's levels with price fluctuating around $1,270. The precious metal is having a difficult time struggling to stay above the 200SMA. These days will be crucial for Gold's direction.
EUR/USD broke the psychological level of 1.09 and is now trading at 1.0892. The pair has been feeling the effect of the bearish momentum as it's already beyond the support level for the short-term. Next bear target is 1.0820.
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