Gold price rebounds in corrective bullish manner after positive releases from core durable goods and unemployment claims. Market is now anticipating form Yellen's speech at Jackson Hole summit.
Gold price recovers in corrective bullish manner and is expected to stay corrective amidst market anticipation for Yellen's speech in Jackson Hole summit. Technically, the yellow metal will return to bearish form only after touching one of the three current important resistance levels.
Gold price shifts to corrective bearish as the latest US data release reflected disproportion in economic recovery. New Home Sales finished better than expectation, while Manufacturing PMI data from Markit and Richmond FED were disappointing.
After decreasing in the event of US Dollar's gains ahead of Jackson Hole symposium, Gold price stirs to advance in corrective bullish sentiment around USD1338. Technically, the precious metal will head to USD1341 resistance before falling back to bearish mode.
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Gold price is on bearish move around USD1337, as market forcus has recently shifted to FED rate possibility and US election. But technically, the precious metal is still anticipated to make a corrective rebound
Gold price turns to bearish form following a series of positive US data yesterday. It is likely for the precious metal to stay bearish and hit USD1333 support level before bouncing back.
