Gold price has been hovering around resistance ~USD1260 over past two weeks. It tended to break up when US launched air strike on Syrian last Friday morning. Until end of trading hours in US, gold price rally paused and ended USD1253. Price trend formed higher low formation since early 2017. Shall regional tension intensify further, a triple top break might realize on gold. Generally, gold is treated as safe heaven when market is in panic mode.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)
No comments:
Post a Comment