海外FXニューストップ > FxPro(エフエックスプロ) > Gold Consolidates Following a Substantial Retracement
 

情報取得日 2017/05/20 情報配信日 05月 11日 海外FX業者:FxPro(エフエックスプロ)

 

Gold Consolidates Following a Substantial Retracement

 
海外FX業者
FxPro(エフエックスプロ)
 
本文

Spot gold has seen a substantial 5% retracement since mid-April as it neared a significant resistance level at $1300.

The French election outcome has lifted markets’ “risk-on” sentiment and resulted in safe heavens retreating which has weighed on gold prices.

The dollar has been strengthening over the past three days adding further downward pressure on the price of gold.

Spot gold hit a low of $1214.15 on Tuesday May 9th; a level last seen on March 15.

After reaching this low, gold prices rebounded and have consolidated; in part to the significant support zone between $1200 and $1210. The markets are looking for further upward movement from this zone.

On the 4-hourly chart, the price has been moving from the lower band to the middle band of the Bollinger Band indicator which suggests bearish momentum has been waning.

Be aware that the upside pressure is still heavy.

The resistance level is at 1225, followed by 1230 and 1235.......続きはこちら




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