OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

Gold extends slide in Europe, down 1%

FXStreet (Mumbai) - Gold prices extended the decline in the European session as the safe haven demand dropped on account of the rally in the stock markets.

Offered closer to 100-DMA

The metal ran into offers above its 50-DMA on Thursday and stalled once again near the same earlier today after the Fed chairwoman Yellen said the rates could rise in 2015. The safe haven demand declined as the pan-European Euro Stoxx 50 index rallied more than 2%.

The metal currently trades around USD 1142.89/Oz levels; down 1% on the day. The 0.5% gain seen in the USD index is also adding to the downside pressure on the metal.

Gold Technical Levels

The immediate resistance is located at 1150.00 (100-DMA), above which the prices could re-test the previous session’s high at 1156.70. On the other side, support is seen at 1141.73 (Sep 18 high), under which the losses could be extended to 1136.23 (5-DMA).

Iceland Consumer Price Index (YoY) down to 1.9% in September from previous 2.2%

Iceland Consumer Price Index (YoY) down to 1.9% in September from previous 2.2%
Mehr darüber lesen Previous

GBP/USD back to negative around 1.5220

The sterling has quickly faded the spike to session tops near 1.5260 vs. the greenback on Friday, with GBP/USD now returning to the 1.5220 area...
Mehr darüber lesen Next
Livechat starten