By Orbex
The precious metal is posting modest declines a day after the precious metal fell over 1.2%. However, price action remains well supported above the 1817.80 level.
In the near term, we expect price action to remain trading flat within the 1850 and 1817.80 levels.
The Stochastics oscillator is currently slipping into the oversold level. This could indicate further near-term downside.
Stronger price action is, however, expected on the back of fundamentals. This is especially regarding the Coronavirus stimulus bill.
Free Reports:
By Orbex
By Michael Klein, Tufts University The “fog of war” refers to confusion and uncertainty on…
By JustMarkets The Canadian dollar rose above 1.37 against the US dollar, reaching a one-month…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
This website uses cookies.