Tag: Futures

Gold prices soar with the weakening of USD | Technical Analysis | Commodities

As we see the USD index depreciating to 3 years low against other major currency, it is no surprise that USD pegged commodities saw significant uptrend. Of greater interest is Gold. Earlier in the month when I last posted my analysis when Gold started to forma consolidating wedge with resistance around $1440, there were signs of bearish divergences in RSI,…