Technical analytics

Gold stuck in a narrow trading range between 1285 and 1275. 

Buyers’ recovery attempt stalled at 113.30 where the market turned around and surged below 113.00.

A bullish sentiment kept driving the pair upwards on Friday. Sellers failed to defend the 1.3200 level and stepped away allowing buyers to regain it in the night.

The euro remained in the green on Friday.  A fresh buying interest emerged in the night and pushed the spot to the 1.1800 region.

S&P500 bounced off the EMA200 and the 2560 handle and rallied towards 2575 where the EMA100 stopped its further advance. 


DAX gapped upwards at the open on Thursday. 

The AUD looks vulnerable and is prone for more weakness. 

The recent rally appears to be overdone and a technical correction is underway now. 

The GBP/JPY pair bounced from the lower limit of the downward channel and grew to 149.00 where the currency pair was stopped by the EMA50 и EMA200. 

The US dollar ran through fresh bids around 112.50 and pulled back after that