Gold Daily Chart breakdown 22/10/20

Market News & Analysis Gold 2019 Figures; Last weeks gain +0.16% Last months decline -3.51% – Current Month +0.80%  This years performance +15.85% The last three months have seen a bit of everything for Gold; bulls kicked it off with strong rallies, this...

GBPUSD hits 5-week high on Brexit deal hope

Market News & Analysis Today’s High-impact GBP economic news:7:30 pm UK CPI EXP 1.8% Brexit deal hope continues to drive the GBPUSD. Overnight the freight train rally that started on the 10th continues to drive higher after buyers added a further 178 pips in...

Gold and Stocks changing relationship?

Market News & Analysis The first sign was produced late into Friday’s session when stocks jumped after news regarding phase one of the trade deal hit the markets. Gold was sold heavily most of the day but pulled back $14.50 in losses by the end of the...

AUDUSD gearing up for a move higher?

Market News & Analysis Taking a look at the current AUDUSD D1 chart, we can see some signs that buyers are trying to extend the key support hold they last made on the 2nd of October. That test and hold started a 63 pip rally that has now been tested by sellers...