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Gold Prices Stall After 7 Day Rally

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follow the latest news and price for gold from different sites most famous technicals /Ira Iosebashvili by 2017-01-19 at 4:42

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Gold Prices Decline Following Yellen Comments

Gold Prices Decline Following Yellen Comments*/

– Gold prices extended Wednesday’s losses in electronic trading, after Federal Reserve Chairwoman Janet Yellen reaffirmed the central bank would raise rates at a steady pace over the next few years.Gold for February delivery was recently down 0.6% at $1,206 a troy ounce in aftermarket trading.Prices closed down 0.7% at $1,212.10 a troy ounce on the Comex division of the New York Mercantile Exchange.
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Gold Prices Stall After 7 Day Rally

Gold Prices Stall After 7 Day Rally*/

– Talking Points:Gold Prices Stall After 7 Day RallyTechnically Gold Consolidates With an Inside BarSentiment Figures Remain Mixed, Reading at +1.40Gold prices have risen for seven consecutive sessions, but are now retreating in today’s trading as the US Dollar firms in the short term.This move has been predicated on US CPI data falling in line with expectations this morning at 2.1%.Now as gold prices consolidate, traders may continue to watch key technical levels to determine the direction of the commodities next breakout.
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Gold Prices Are Testing the Bullish Channel

Gold Prices Are Testing the Bullish Channel*/

– DailyFX.com -To receive James Stanley’s Analysis directly via email, please sign up here .Gold Technical Strategy: Intermediate-term (past 3 months) mixed as we approach the 50% retrace of the ‘Trump Trade,’ short-term price action is bullish.Gold prices are continuing to run-higher after eclipsing numerous resistance levels.
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