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The USD Dollar and Gold Market Analysis
The USD Dollar and Gold Market Analysis

By - Jamel Lahiani

Posted - 08-07-2019

The USD dollar and Gold market analysis

• The US Dollar is ranging.
• The Gold is trending volatile.

Today we have a ranging market for EURUSD. The market is quiet after high trending volatility of Friday nonfarm payrolls wish appreciate the USD against EUR. The resistance is at 1.12336 and the support is at 1.12197. It’s a good occasion for oversold overbought strategy. We can expect some small correction or breakout.

Graph1: EURUSD M15

The Gold market is trending volatile. We can see the increase of the support line in green. A good strategy can be long at this line. If the chart breaks this line with validation, we can expect a reversal of the trend. A short entry will be profitable.

Graph2: XAUUSD M15

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