Zlato za nadaljevanje rangiranja

Gold traded in a near $20 an ounce range between $1740.00 and $1760.00 an ounce overnight but ultimately settled almost unchanged for the day at $1752.50 an ounce. Some weekend risk-hedging by Asian investors has lifted gold by a modest 0.20% to $1756.00 an ounce today.

The yellow metal staved of US Dollar strength overnight to the relief of gold bugs, even if that capped its intra-day rally. Weekend risk-hedging should support the metal into the close of the week. That said, the balance between buyers and sellers looks more even today, and after Monday morning’s early flash-crash, I doubt investors will have the nerve to go into the weekend heavily long.

Baring a sharp move higher by the US Dollar in New York, it should leave gold roughly contained between immediate support/resistance at $1840.00 and $1860.00 an ounce. Intermediate support lies at $1725.00 with the $1800.00 to $1805.00 region a formidable resistance zone.

Given the horror of last Monday’s flash-crash and given the Fed tapering noises grow louder by the day, lifting the US Dollar, it is hard to see gold powering higher from here. More than likely, the nervous FOMO long-positions initiated on Wednesday are likely to cut and run at the first sign of trouble.

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Jeffrey Halley je z več kot 30 -letnimi izkušnjami na področju deviznih tečajev - od trgovanja na prostem/maržah in NDF do valutnih opcij in terminskih pogodb - višji tržni analitik OANDA za azijsko -pacifiški sektor, odgovoren za zagotavljanje pravočasne in ustrezne makro analize, ki pokriva široko paleto razredov sredstev. Pred tem je sodeloval z vodilnimi institucijami, kot so Saxo Capital Markets, DynexCorp Currency Portfolio Management, IG, IFX, Fimat Internationale Banque, HSBC in Barclays. Jeffrey, zelo iskan analitik, se je pojavil na številnih globalnih novinskih kanalih, vključno z Bloombergom, BBC, Reutersom, CNBC, MSN, Sky TV, Channel News Asia, pa tudi v vodilnih tiskanih publikacijah, vključno z New York Timesom in The Wall Street Journal, med drugim. Rojen je bil na Novi Zelandiji in ima MBA poslovne šole Cass.

Zadnje objave avtorja Jeffrey Halley (Poglej vse)

Source: https://www.marketpulse.com/20210813/gold-continue-ranging/