Gold loses its gains yesterday and returns to the downside
2018-04-12 12:41 pm | Resource: NEWS | No Views : 200
Gold fell during European trade, losing a large part of yesterday's gains and opening today's low, after rising yesterday and recorded the highest level in three months before the shrinking a large part of its gains
Gold prices dropped by 0.81% to reach $ 1351 per ounce, after reaching a low of $ 1349. The pair opened the session today at $ 1352. $ an ounce reaching $ 1355.
It is worth mentioning that the negative developments in the Middle East and the US threats of launching military raids on Syria have increased the fears in the markets and pushed the demand for the increase in safe haven significantly.
Gold prices ended Friday's trading up 0.5%, the first gain in four days, recovering from a low of $ 1,319 / troy ounce, supported by data showing the US economy added less-than-expected jobs in March.
On the silver front, silver lost ground by 0.21% to reach $ 16.77. Silver opened today at $ 16.70 and hit a high of 16.78 and a low of $ 16.78. $ 16.66 per ounce.
Time frame Used - four hours Oil is moving in a sideway direction in the near term Oil is still facing resistance and selling pressure around level of 71.44 forming a negative candlestick pattern In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators Accordingly, we expect oil to drop to 70.42 - 69.53 The alternative scenario is that the oil…
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