empty
 
 

2017.04.2101:45:00UTC+00Fxwirepro: Gold Trades Flat, Markets Await French Election Result for Further Direction

  • Gold prices yesterday ends with small gain after a minor sell off till $1273.90. The yellow metal prices are muted as markets await first round French Presidential election results on Sunday.
  • �U.S dollar index has once again recovered from the yesterday low of 99.37. The index should break above 100 for further bullishness. Major weakness can be seen only below 98.86 level.
  • On the higher side, any break above $1300 will take the yellow metal till $1306 (161.8% retracement of $1263.87 and $1195.12)/$1332.
  • The major near term support is around $1274 (10- day MA) and any break below will drag the yellow metal down till $1255 (200- day MA)/ $1244 (50% retracement of $1195 and $1295).
    It is good to sell on rallies around $1282-$1283 with SL around $1291 for the TP of $1272/$1261.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback