FxWirePro
Singkat

Gold trades lower as US Senate passes tax bill, sell on rallies

FX:XAUUSD   Emas/Dolar U.S
234 0 5
Gold             has declined sharply yesterday after a jump of almost $20 from the day’s low on strong US dollar             . US dollar index             shown a recovery from the low of 92.60 on Friday and is currently trading around 93.12. The yellow metal hits low of $1272 and is currently trading around $1274.24.

• US Senate passed tax reform on Saturday morning by 51-49 vote that differs from that passed by house. The corporate tax has been reduced from 35% to 20% from 2019% and smaller individual’s tax cut will end at 2026.

US Dollar index             has formed almost a double bottom at 92.50 and started to jump from that level. The major resistance is around 93.60 (34- day EMA ) and any break above will take the index till 94.25/94.60/95.19. The pair is facing support around 92.50 and any break below will take the index to next level till 92./91.62.

• US yields declined sharply from the 2- week high at 2.44% after former National Security Adviser Michael Flynn will testify as Donald Trump directed him to make contact with the Russians. It has closed at 2.36%.

• Technically gold             is facing near term resistance around $1282 (50- day MA) and any break above will take the pair to next level till $1291/$1300.

• Gold’s near term support is around $1267 and break below will drag the commodity down till $1262 (61.8% fibo).The yellow metal should close below $1262 (61.8% fibo) for major trend reversal.

It is good to sell on rallies around $1280-82 with SL around $1291 for the TP of $1263.








MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar