The readings here fit with the narrative with what we have seen from the German and French readings - more so the former - earlier in the past 45 minutes.
It reaffirms a two-paced 'recovery', where the manufacturing sector is keeping more resilient overall while the services sector momentum continues to fade into Q4.
Analyzing the current trading chart of Gold, I found that there is potential completion of the downside corretion, which is sign for further rise.
I would watch for buying opportunities with the targets at $1,931 and $1,955.
Stochastic just came out from oversold zone and there is the fresh bull cross, which is another sign for the furher rise....
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Crude Oil and Lumber today and on the bottom Natural Gas and Lean Hogs.
Resistances: $1,931 and $1,955.
Support levels: $1,894
*Prezentowana analiza rynku ma charakter informacyjny i nie jest przewodnikiem po transakcji.
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