OctaFX | OctaFX Forex Broker
অ্যাকাউন্ট খুলুন

Gold: Solid demand on geopolitical risks

FXStreet (Bali) - Gold keeps rising for a fourth consecutive day, reaching a new 2-week high at 1,316.50 following geopolitical risk headlines.

News that Obama had authorized targeted airstrikes to protect American personnel in Iraq on Thursday, caused the shinny metal to find safe-heaven bids.

Order flow wise, expect the ongoing bullish momentum to be challenged by an area of supply imbalance at $1,318-24 (origin decline July 17), while on the downside, there should be significant interest to reinstate longs on dips, with areas of demand spotted at $1,310-08 ahead of $1,304-00.

USD/JPY recovered to 101.80 on BOJ and got tired

USD/JPY is making feeble attempts to recover from Asian lows at 101.60 as JPY has weakened on the back of dovish BoJ.
আরও পড়ুন Previous

EUR/JPY: 136.00 pivot is creaking and squeaking under bearish attack

EUR/JPY attempted a break below 136.00 support and reached current Asian low at 135.75, but the movement proved to be unsustainable as cross quickly recovered to 136.00 pivot
আরও পড়ুন Next
শুরু করুন লাইভ চ্যাট