collected by :kiven Dixter
April Comex Gold futures are posting a two-sided trade on Monday as Businessmen have a have aTry to figure out the method to play the unite states Gov shutdown. Earlier in the session, higher Treasury yields put a lid on the market, however the intraday down in yields Information Systems giving the market a boost. A trade out of $1349.20 going to signal a resumption of the uptrend. Daily Technical ForecastBased on the early value action, the direction of the gold market the rest of the session Information Systems likely to be set with merchant reaction to the pivot at $1339.20. This Information Systems a possible trigger point for an acceleration to the downside with $1296.00 the following great downside target.
April Comex Gold futures are posting a two-sided trade on Monday as Businessmen have a have aTry to figure out the method to play the unite states Gov shutdown. Earlier in the session, higher Treasury yields put a lid on the market, however the intraday down in yields Information Systems giving the market a boost. A trade out of $1349.20 going to signal a resumption of the uptrend. Daily Technical ForecastBased on the early value action, the direction of the gold market the rest of the session Information Systems likely to be set with merchant reaction to the pivot at $1339.20. This Information Systems a possible trigger point for an acceleration to the downside with $1296.00 the following great downside target.
Gold value Reacts Positively to America Gov Shutdown
Gold made gains amidst a possibility America Gov shutdown, & continued to rally as the shutdown went into effect. News of the shutdown caused the America $ to still on its downward trajectory, trading near three-year lows, & allowed the value of gold to climb. This current period of doubt has the yellow metal being upheld as a safe-haven asset, that has just more promoted its value. While gold rose 0.2 % to reach $1,332.45 an ounce over the weekend, Monday (January 23) showed a steadiness of value within the markets. As of 2:20 p.m. EST on Monday, the Senate had ended the three-day shutdown, & at 2:42 p.m. EST the gold value was up 0.1 percent, trading at $1331.90.
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