News and Market Analysis

Today’s directional views: Gold rallies. Where to from here?
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Gold Rallies

Gold has rallied overnight but where to from here? are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Subscribe to receive the full daily newsletter.


AUD/USD intraday: as long as 0.7349 is support look for 0.7425
 

0.7349 is our pivot point.
 
Our preference:
As long as 0.7349 is support look for 0.7425.
 
Alternative scenario:
Below 0.7349, expect 0.7323 and 0.7307.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.7366 and 0.7350).
Analyst Views Chart

USD/JPY intraday: the downside prevails as long as 110.73 is resistance
 

Our pivot point is at 110.73.
 
Our preference:
The downside prevails as long as 110.73 is resistance.
 
Alternative scenario:
Above 110.73, look for 111.08 and 111.29.
 
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 110.51 and 110.60).
Analyst Views Chart

Gold intraday: the upside prevails as long as 1746.50 is support
 

Our pivot point is at 1746.50.
 
Our preference:
The upside prevails as long as 1746.50 is support.
 
Alternative scenario:
The downside breakout of 1746.50 would call for 1740 and 1736.50.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Gold is trading above both its 20 and 50 period moving average (respectively at 1744.80 and 1736.50).

Analyst Views Chart

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