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Gold Remains Bearish Despite U.S Dollar Sharp Declines, Eyes On U.S Data

30 June 2017 06:51 PM BDT
Gold Remains Bearish Despite U.S Dollar Sharp Declines, Eyes On U.S Data

FxGrow Daily Technical Analysis – 30th June, 2017 By FxGrow Research & Analysis Team Gold Remains Bearish Despite U.S Dollar Sharp Declines, Eyes On U.S Data Gold showed a minor reaction yesterday to positive U.S GDP dropping to 1239.81 low and bouncing off, confused (Sideways) between 1247 and 1242, still the precious metal testing the 1240 area with rejection. On the other hand, with the sharp declines for greenback plunging today 95.20 low, yet gold fails to take advantage of pale U.S Index, refusing to advance as other currencies did yesterday. Fundamentally, markets could be awaiting further data from U.S data to complete the key multi inflation figures with PCE and Personal Spending taking center stage. U.S Data today along with ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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