The bullish divergence on the momentum indicators such as RSI and stochastics kicked in on Thursday (with some help in global data and soft equities playing their role as well). However, the gold has been capped just ahead of the 20-D EMA by a resilient greenback. A break of 1285 and or, at least, a hold above 1280 would be required to shake out some speculative shorts before bulls could target 1303 with a look in at 1308 (61.8% Fibo) and the trendline resistance. On a resumption of the downside, a close below the 38.2% Fibo and 1275 would open prospects back for the 200-D EMA and confluence area of the 50% retracement target of 1250/1253 respectively. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next TRY weakened sharply today after CBRT removed key sentence from its statement – Commerzbank FX Street 4 years The bullish divergence on the momentum indicators such as RSI and stochastics kicked in on Thursday (with some help in global data and soft equities playing their role as well). However, the gold has been capped just ahead of the 20-D EMA by a resilient greenback. A break of 1285 and or, at least, a hold above 1280 would be required to shake out some speculative shorts before bulls could target 1303 with a look in at 1308 (61.8% Fibo) and the trendline resistance. On a resumption of the downside, a close below the 38.2% Fibo and 1275 would open… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
