23 Oct 2013
Gold loses momentum; corrective move at exhaustion
FXstreet.com (Chicago) – Gold prints 0.68% losses so far ahead of Wall Street’s closing after exhausting yesterday’s rally back above the $1,330 zone.
Technically speaking, gold prints lower highs and highs retracing from $1,342.20 session highs after exhausting at yesterday’s rally on USD weakening due to WE tapering until next Spring 2014 based on weaker than expected job market results in the US. Lows are registered at $1,328.50.
Technically speaking, gold prints lower highs and highs retracing from $1,342.20 session highs after exhausting at yesterday’s rally on USD weakening due to WE tapering until next Spring 2014 based on weaker than expected job market results in the US. Lows are registered at $1,328.50.