fbpx
High Leverage FX
  • Home
  • Market News
    • All
    • Economy
    • Forex
    • Markets
    • Opinion
    • Politics
    • Tech
    • World
    DXY Technical Analysis – Wedge Break Happening

    DXY Technical Analysis – Wedge Break Happening

    Morning Brief – Trend of The Day

    Morning Brief – Trend of The Day

    Mixed start to Asian equities following mostly downbeat lead from Wall Street

    Asian equities could trade choppy after mixed price action on Wall Street

    USDMYR Technical Analysis

    USDMYR Technical Analysis

    EURUSD Technical Analysis – 1.1760 Weekly Target

    EURUSD Technical Analysis – Tackling the 50-day MA

  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
  • en English
    ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian
High Leverage FX
  • Home
  • Market News
    • All
    • Economy
    • Forex
    • Markets
    • Opinion
    • Politics
    • Tech
    • World
    DXY Technical Analysis – Wedge Break Happening

    DXY Technical Analysis – Wedge Break Happening

    Morning Brief – Trend of The Day

    Morning Brief – Trend of The Day

    Mixed start to Asian equities following mostly downbeat lead from Wall Street

    Asian equities could trade choppy after mixed price action on Wall Street

    USDMYR Technical Analysis

    USDMYR Technical Analysis

    EURUSD Technical Analysis – 1.1760 Weekly Target

    EURUSD Technical Analysis – Tackling the 50-day MA

  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
  • en English
    ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian
High Leverage FX
No Result
View All Result
Home Market News Forex

Gold broke through resistance level as the weakening US Dollar

Carlo Alberto De Casa by Carlo Alberto De Casa
December 8, 2020
in Forex, Markets, Opinion
Reading Time: 1 min
0
Gold broke through resistance level as the weakening US Dollar
336
SHARES
8.2k
VIEWS
Share on FacebookShare on Twitter

Gold broke through the resistance level at $1,850 as the weakening US Dollar, some bits of risk-off on stock markets and a final attempt of the Trump team to renew its campaign against China pulled up financial demand for bullion. Moreover, the drop in the price of the last few weeks has lifted physical demand, generating the perfect environment for a rebound for the spot price. This is exactly what we have seen in the last few days, when gold was able to jump up from the four-month-low and recover, surpassing the key level of $1,850.

Technically, the short-term trend remains supportive, while enlarging the zoom, there could still be some bearish pressure due to some profit-taking and the continuation of the risk on approach seen in November albeit with the odd day of exception, like yesterday.

Tags: GoldStock marketUS dollarUS-China Trade War
Previous Post

Mixed sentiment takes place after renewed US-China tensions & deadlock in Brexit negotiation

Next Post

Pound continues to lose ground to both Dollar and Euro during early Tuesday trading

Carlo Alberto De Casa

Carlo Alberto De Casa

Chief analyst at ActivTrades and technical analyst for Italian newspaper 'La Stampa'. Carlo Alberto provides regular commentary for UK outlets including the BBC, Telegraph, the Independent Bloomberg & Reuters. He is also a weekly commentator for CNBC Italy and a columnist for La Stampa. He worked for Bloomberg as their Equity Research Fundamental Analyst before joining brokerage ActivTrades in 2011 to specialize in currency markets and commodities. In 2014 he published a 250-pages book on gold and the gold market, followed in 2018 by a new updated edition.

Related Posts

DXY Technical Analysis – Wedge Break Happening
Forex

DXY Technical Analysis – Wedge Break Happening

August 12, 2022
Morning Brief – Trend of The Day
World

Morning Brief – Trend of The Day

August 12, 2022
Mixed start to Asian equities following mostly downbeat lead from Wall Street
Markets

Asian equities could trade choppy after mixed price action on Wall Street

August 12, 2022
USDMYR Technical Analysis
Forex

USDMYR Technical Analysis

August 12, 2022
EURUSD Technical Analysis – 1.1760 Weekly Target
Forex

EURUSD Technical Analysis – Tackling the 50-day MA

August 12, 2022
PPI Inflation Preview
Markets

PPI Inflation Preview

August 12, 2022
Next Post
Pound continues to lose ground to both Dollar and Euro during early Tuesday trading

Pound continues to lose ground to both Dollar and Euro during early Tuesday trading

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Market Overview

edit post
DXY Technical Analysis – Wedge Break Happening

DXY Technical Analysis – Wedge Break Happening

by Nathan Batchelor
August 12, 2022
0

The US dollar index has started to move under a large wedge pattern threatening a technical meltdown after...

Categories

  • Economy
  • Forex
  • Gadget
  • Markets
  • Opinion
  • Politics
  • RSS Feed
  • Startup
  • Tech
  • Trading Signals
  • Uncategorized
  • World

Site Navigation

  • Home
  • Market News
  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
High Leverage FX

We aim to bring you the most update and actionable information so that you can trade the financial markets with confidence and security

We are social

  • Home
  • Market News
  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account

© 2019 High Leverage FX - All Rights Reserved.

No Result
View All Result
  • Home
  • Market News
    • Forex
    • Economy
    • Opinion
    • World
    • Markets
    • Politics
  • Economic Calendar
  • Trading Signals
  • About Us
  • Free Demo Account
en English
ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian

© 2019 High Leverage FX - All Rights Reserved.

Please share your location to continue