Malaysia Number 1 Board


Advertise With Us Now


Sponsored By
InstaForex

Go Back   Malaysia Number 1 Board > Wealth Management > Forex Discussion

Forex Discussion Foreign Exchange Market Discussion


Reply
 
Thread Tools Display Modes
  #251  
Old 11-21-2017, 09:37 PM
FXTechstrategy FXTechstrategy is offline
Senior Member
 

Join Date: May 2016
Posts: 323
Default GOLD Outlook Remains Lower On Price Reversal

GOLD: The commodity remains weak and vulnerable to the downside after it reversed its Friday gains on Monday. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure towards the 1,240.00 level. Conversely, resistance resides at the 1,290.00 level where a break will aim at the 1,300.00 level. A turn above there will expose the 1,310.00 level. Further out, resistance stands at the 1,320.00 level. All in all, GOLD looks to weaken further as it looks to resume its short term weakness.

Reply With Quote
  #252  
Old 11-22-2017, 10:49 PM
FXTechstrategy FXTechstrategy is offline
Senior Member
 

Join Date: May 2016
Posts: 323
Default EURUSD Risk Still Remains Lower On Pullbacks

EURUSD: The pair remains weak and vulnerable to the downside despite its price hesitation. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further corrective pullback threats.

Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump


All times are GMT +8. The time now is 03:13 PM.




Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.