The Forex Market Awaits Crucial U.S. Data Today
October 20, 2009 by ForexYard
Filed under Daily Forex Analysis
Gold:
The price of this commodity appears to be floating in the over-bought territory on the RSI of the daily and 4 hour charts, indicating a bearish correction to the recent upward movement may occur later today. The imminent bearish cross on the hourly chart supports this notion. As the price of this commodity has discovered a new range to trade in, forex traders can benefit greatly from selling on highs and buying on lows within this price zone.
