Until Friday a calm week, yellow metal was pivoted around $1,280/Oz. Even weaker US Dollar, US economic news and data flow went past quietly as a result of the US govt shutdown.
As Friday, GOLD regained its footing, after its recovery to $1,285 on Thursday. This gives traders a confidence to overcome strong rush of selling pressure.
The magic resistance $1,300.00 mark was tested right from new year, but supported at $1280.00. It was went below 1300 mark last June 2018. Now claimed back that level.
As we earlier said Only US Dollar index impact on GOLD price! , losing dollar makes gold stronger.
Hope this may stay this level until sometime.
This Week January 21 ~ 25
As Friday, GOLD regained its footing, after its recovery to $1,285 on Thursday. This gives traders a confidence to overcome strong rush of selling pressure.
The magic resistance $1,300.00 mark was tested right from new year, but supported at $1280.00. It was went below 1300 mark last June 2018. Now claimed back that level.
As we earlier said Only US Dollar index impact on GOLD price! , losing dollar makes gold stronger.
Hope this may stay this level until sometime.
This Week January 21 ~ 25
Open: 1280.70
High: 1303.98
Low: 1276.93
Close: 1302.91
Swing: +21.49 (+1.68%)
High: 1303.98
Low: 1276.93
Close: 1302.91
Swing: +21.49 (+1.68%)
 |
| XAUUSD January 21 ~ 25 2019 |
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