Gold prices are struggling to provide test amid U.S. dollar a slight correction after sharp declines recorded in previous sessions this week . Resulting tendency caution that emerged in the minutes of the meeting of the Federal Reserve for the month of March , which was issued on Thursday to a decline in currency reserves , the latter heading toward recording its biggest weekly decline since October 2013 .<\/p>\n
To the test while the U.S. dollar following the wave of the landing , it is likely that Twaslasar Alzhbndalha . U.S. economic data cast a disappointing weigh on the currency in recent times , and therefore that any reading below expectations of consumer confidence from the University of Michigan will entrench the emergence of downside moves to green . It should also be noted that in the event resulted in a wave of risk aversion to the recent deterioration in investor confidence , the dollar will advance thanks to increasing safe-haven demand . This scenario leaves the prices of gold and silver at a critical detail in the next session .<\/p>\n
Technical Analysis of Gold – Gold turns the direction of the near -term bullish , according to the trading price shown above the arithmetic average of twenty day and direction indicator Altghebr rate to zero level . In this regard , he gave a morning star pattern formed on the daily chart close to the key support at $ 1,277 based on the light bounce gold prices. In the context of the positive technical signals for the item, will enhance the penetration level of $ 1,320 up opportunities for entering long positions with the concentration of the next resistance at a price of $ 1,351 .<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices are struggling to provide test amid U.S. dollar a slight correction after sharp declines recorded in previous sessions this week . Resulting tendency caution that emerged in the minutes of the meeting of the Federal Reserve for the month of March , which was issued on Thursday to a decline in currency reserves […]<\/p>\n","protected":false},"author":3,"featured_media":436443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-436454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/436454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=436454"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/436454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/436443"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=436454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=436454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=436454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}