years on the market
Friday, July 17th, today’s news—US markets are recovering from the yesterday's drop caused by the increased number of jobless claims. European markets are rising in anticipation of new stimulus measures, Asian markets rise in a similar situation, and also due to the recovering economy of China. The price of Brent oil is $42.97, WTI—$40.39. EUR/USD is at 1.1415, GBP/USD—1.2558, gold is $1,801.55 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
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Gold is trading at the lower end of 1794.70–1813.00 after reaching the local maximum. If the market sentiment today shifts to positive, the price of gold may decrease. Keep track of the price movement in real time.
Trading recommendations: a breakout of the level 1794.70 amid a wave of optimism will lead to a decrease in the price to 1784.50.
The overall trend is upward. The level of 133.94 (50% Fibo) is holding back sellers. The pair is trading in the range of 365 and 135 moving averages. A breakout of 134.90 will result in the formation of an ascending wave pattern within the overall uptrend. Keep track of the rate changes in real time.
Trading recommendations: buy above 134.90; Stop Loss: 133.94; target levels: 135.16, 135.83, 137.39.
A dividend gap has formed on the chart, which makes the share price very attractive. The support level of 180.75 and the resistance level of 184.18 have formed. Keep track of the rate changes in real time.
Trading recommendations: buy above 184.18; Stop Loss: 180.75; target levels: 192.50 (gap closed), 201.44, 206.12.
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*Trading recommendations offered by analysts do not constitute a solicitation. Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with the use of leverage and that you have sufficient level of training.