Gold trades lower on revived rate hike expectations,good to sell

FX:XAUUSD   Gold Spot / U.S. Dollar
279 0 10
Gold             has slightly retreated after making high of $1282 on revived rate hopes expectations.

Atlanta             Fed President Dennis Lockhart said on Tuesday that he still assumes there will be two to three rate hikes and Dallas Fed president said he will push for rate hike in Jun or Jul.

The rate sensitive year yield hits three week high on 0.835%.

Gold             is currently trading around $1275. Short term trend is still weak as long as resistance $1289 (May 16th High).

On the lower side major support is around $1265 (21 day MA) and any break below targets $1255/$1242.

Gold             faces resistance at $1283 and break above targets $1289/$1295/$1303.

It is good to sell on rallies around $1275-$1278 with SL around $1289 for the TP of $1265/$1255
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out