Dollar Expects Low Volatility Today
September 7, 2009 by ForexYard
Filed under Daily Forex Analysis
Gold:
Gold prices rose significantly in the last week and peaked at $992.65 for an ounce. However, the daily chart’s RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.
