News

Gold & Equities close the week positively

15/02/2019

Gold (XAUUSD) is making some interesting progress on the charts as it rallies above daily resistance at $1314, but it’ll be interesting to see if it can maintain this positivity through to the end of the week’s trading session in New York. If it manages to close above this level; we will likely see a period of positive consolidation, rather than this being the launchpad for a renewed assaults on historic highs, but it’s a step in the right direction for Gold Bulls, and will surely be welcomed.  Equity markets are also closing the week in very welcome territory with all the major indices looking good, even the #UK100, which has shrugged off it’s current Brexit jitters. Or perhaps traders are bored with trying to trade off the hypotheticals around political matters and are instead turning their focus to fundamentals, most of which look pretty positive despite the ludicrous rhetoric surrounding the “No Deal” Brexit, mainly emanating, it must be said, by people who are heavily subsidised by the EU.

Share this news

Related posts

Forex News yen.jpg

Dollar Yen breaks lower

24/05/2019

Dollar Yen breaks lower

Read more
Forex News EU Flags 1.jpg

Decision time looms for Sterling

23/05/2019

Decision time looms for Sterling

Read more
Crypto bitcoin-two-1-e1501525477229.jpg

Bitcoin fails to convince

22/05/2019

Bitcoin fails to convince

Read more
Economic brexit.jpg

New Brexit Deal to be announced at 15:00

21/05/2019

New Brexit Deal to be announced at 15:00

Read more