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GOLD analysis 20 April 2017

GOLD analysis 20 April 2017

 

The gold declined during yesterday in the light of the dollar rise and in spite of the fears of tensions between the US and Korea but the strength of the dollar made the gold fall a little

Analysists sees that the strength of the dollar controlled the gold low trading

US vice president said that the US will work with their allies and with China in order to make pressure on the North Korea

Today is the release of Philadelphia index and it is expected to record 25.6 while the previous was 32.8 also the unemployment is expected to record 241 while the previous reading was 234

Technically

If the gold stables above 1273 it may rise to 1295 and then 1306

In contrast breaking 1273 may push it to 1264 and then 1255

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