Gold prices finally registered a fresh low at the 62% Fibonacci near $1750, forming a pattern for a short-term relief at least. With the asset 0.35% up in the day already, can bulls push through the $1785 resistance?
The pound has had a similar path, however, it failed to register a fresh low below $1.3170. As it still stands firm above $1.32 can the rally continue to $1.3280 ahead of BoE?
With risk appetite increasing the SPX is setting itself up for a fresh all-time high in the following trading session – if not today. Up 0.30% for the day, but bulls need to get stronger to break the 4746.
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The Daily Market Watch: GOLD, GBPUSD & SPX500 (16.12.21)
Gold prices finally registered a fresh low at the 62% Fibonacci near $1750, forming a pattern for a short-term relief at least. With the asset 0.35% up in the day already, can bulls push through the $1785 resistance?
The pound has had a similar path, however, it failed to register a fresh low below $1.3170. As it still stands firm above $1.32 can the rally continue to $1.3280 ahead of BoE?
With risk appetite increasing the SPX is setting itself up for a fresh all-time high in the following trading session – if not today. Up 0.30% for the day, but bulls need to get stronger to break the 4746.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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