Sasha Singh
All posts from Sasha Singh
Sasha Singh in Sasha Singh,

Gold Still Trading Within Downtrend Channel

US dollar is trading higher today against all its major counterparts after the upbeat Non-farm Payroll data. Gold also went down after the release, however on the 4 hour chart we can see the pair didn't breakout from the downward sloping channel and continued to trade within this. 1277.47 seems to be a key support which might keep the pair above it. Any breakout below this support will give a bearish confirmation.