U.S. Building Permits Data to Drive USD Trading Today
July 17, 2009 by ForexYard
Filed under Daily Forex Analysis
Gold:
Gold has returned as one of the main money maker for forex traders this week. It seems to have gone increasingly bullish as the U.S. Dollar plummeted this week. The daily chart’s Stochastic Slow signals that the price of Gold may go bearish today, as the trading week comes to an end. The 4-hour chart’s RSI indicates that the commodity is overbought, signaling that a bearish move is imminent. Entering the trend an early stage may turn out to be a wise choice today.
