eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
May 15 - 04:55 AM
–
Gold - Friday Has A Different Feel As Gold Dives And US Dollar Rises
By Jeremy Boulton — May 15 - 02:41 AM
• Gold drops from $4665/oz to $4555/oz on Friday
• Follows sell signal where 55-DMA fell below 100-DMA
• USD index rises to 99.20 - highest since Apr 7
• USD index back above 55-DMA at 98.97
• 21-DMA set to rises over 100/200-DMAs - buy signal
• Apr-7-8 gap (99.52-98.92) may be filled
• EUR/USD sinks to 5-week low
• *
Gold
USD index
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters