08-02-2018 07:43 AM
In regards to the PIA analysis, no representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result.
08-02-2018 07:28 PM
Gold needs to hold $1300. If that breaks then there could be further selling pressure. $1306 was hit today so it is getting close. An interesting battle for Gold at the $1300 level. It all depends on the risk appetite around the world, political stability and economic news that is released.
Interesting times for Gold short term.
10-02-2018 05:40 PM
XAUUSD price action has retraced bellow 38.2% FIB (1321.6$) and near 50.0% FIB (1306.6$) area, we might see buy opportunity near 1301.5 $ area @ 161.8% Fibonacci-extension of the corrective strcutrure.
Gold has losted 52.3$ in the last 12 days with an average of -4.358$ per day since the 25/01/2018 where it was traded @ 1370.4 $,
The big palyers will be back soon to the market.
Never risk more than 1to 3% per trade,