Breaking Gold Prices with Live Figures and Expert Commentary



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“THE TECHNICAL VIEW SIGNS DOWN”

Analysis prepared by ÜNLÜ & Co / DAHA: “ In addition to the ISM manufacturing index showing a stronger picture than expected at the beginning of the week, weekly unemployment wage claims announced yesterday below the 1 million limit increased the pressure on gold prices, while prices tested the lowest levels of the last week. We believe that the technical outlook below the ounce continues to signal downside in parallel with its move by making downturns. While we view the $ 1930 gold as a risk area, we believe that especially the numbers below $ 1900 may indicate a clear breakout. “

“MOVING UP THE CHANNEL BAND”

Gold analysis prepared by Ziraat Yatırım Menkul Değerler: “XAU / USD: Today, as we await the labor market data at 15.30 on the US side, we observe that the precious metal remains above the lower band of the ascending channel. Otherwise, a drop below the 1.926 support may be the 1.902 target. Intermediate support is at the 1.913 level. On the other hand, if the 1.947 resistance is passed in possible rallies, a rally to level of 1,965 “.

“IT IS HARD TO EXCEED THE RESISTANCE LEVELS”

Gold analysis by Meksa Investment: “The bullish movement is having a difficult time passing resistance levels. The first support is at the 1,922 level. The next supports are seen at the 1,910-1,900 level. The first resistances are at the levels of 1946 and 1951. It will be necessary to pass the level of 1951 for the continuation of the reaction.Next resistances 1972 and It is useful to monitor the formation of the “falling wedge”, which has not yet been confirmed on the 30-minute chart. It is useful to consider the possibility of getting a response at the support points due to the test of short-term support points with profit selling. “



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