Gold under pressure on Tuesday after the dollar index rose
2018-07-10 11:37 am | Resource: NEWS | No Views : 164
Gold was under pressure on Tuesday, after the dollar index rose from its lowest level in a month as part of a correction on US economic data today.
The dollar index rose 0.28 percent on Tuesday, reversing its losses in five sessions in a row to 94.30, its highest level in a week.
Markets are looking for job opportunities and May job turnovers, which could rise to 6.88 million from 6.70 million in April.
Last week, US data on monthly jobs, which rose in the US more than expected in June, were released, according to a report released by the Labor Department on Friday.
Non-farm jobs jumped 213,000 jobs in June after rising 244,000 jobs in May, the report said
Gold prices fell 0.48% to $ 1253, after hitting a high of $ 1260 and a low of $ 1252 compared to opening at $ 1285.
Looking at silver, it lost 0.74% to $ 16.00, after reaching a high of $ 16.19 and a low of $ 16.00.
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 the 54.54 level despite breaching the 52.50 level to the upside, but it is still moving sideways, indicating that there is still selling pressure on oil. In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators.…
- Gold Technical analysis 10 December 2018 08:48 pm2018-12-09
- OIL Technical analysis 5 December 2018 11:20 pm2018-12-04
- Gold Technical analysis 5 December 2018 11:18 pm2018-12-04
- OIL Technical analysis 4 December 2018 05:36 am2018-12-04
- Gold Technical analysis 4 December 2018 05:25 am2018-12-04
- OIL Technical analysis 3 December 2018 11:05 pm2018-12-02
- Gold Technical analysis 3 December 2018 10:49 pm2018-12-02
- OIL Technical analysis 30 November 2018 07:37 am2018-11-30
- Gold Technical analysis 30 November 2018 07:28 am2018-11-30
Best trading brokers
- The rise of gasoline contracts supports oil to reach its levels in two months 2017-07-28
- Oil prices maintain their highest level in 8 weeks 2017-07-28
- Brief Market News 2017-07-12
- Oil falls influenced by the International Energy Agency report 2017-08-14
- Rising Of Oils Prices and Falling Of Gold Prices 2017-07-03
- Dogecoin .. Electronic currency arose as a result of irony 03:54 pm 2018-01-26
- Currency and commodity analysis for 2018 05:14 pm 2018-01-01
- Bitcoin forces Santa Claus to distribute the worst gifts to its investors on Christmas 10:04 am 2017-12-25
- Forex 09:26 am 2017-12-25
- OmiseGo .. Time for electronic financial exchanges 02:07 pm 2017-11-15