Back to the Forex Alerts day's list
Alert - 17:50 (CET) - XauUsd
|
The XauUsd (Ounce of Gold against the Dollar) is trading at 837.00, ranging between 830.95 and 853.95. The current price is under yesterday's close at 853.05. Checking the hourly graphics, we see that the 20- and 50-day EMA (Exponential Mobile Average) are over the 200-day EMA.
As the supports are being watched at 800.00 (key), 763.01 (December 9th low) and 700.00 (key). The resistances are set at 900.00 (key), 930.60 (October 10th high) and 987.71 (July 15th high).
With the crude at 33 dollars per barrel, the metal fell 1.70% against the US Dollar. this session. Seeing the crude price falling, due to the perspectivos of a weaker demand in 2009, the risks of inflation decline and, therefore, the investors have no need to seek refuge in the metal.
Meanwhile, the current price is under the 23.60% (875.95) and over the 38.20% (778.78) Fibonacci retracement lines. The Relative Strenght Index (RSI) is at 38 points, rebounding from the oversold area. Also, the average volatility per hour is 2000 pips.
|
|
ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.
|