Daily Analysis: Gold Rally Could Slow In Short Run
FX77 | Jan 29, 2015 03:10AM ET
Financial expert Eric from Fx77 Binary Option indicates that it’s not a smart move to choose Call for USD Index at high position 95.00. For other products such as non-USD currencies and precious metals only have a bit of weak momentum left to survive, you can think about choosing Put in the short term.
Here are some trading advice for some mainstay assets for today.
Gold Spot
Resistance:1285 1310
Support:1278 1270
In the short run it’s gonna run out of ammo, the area 1278/1273 at peak is likewise unstable. You can choose Call at 1275/1273 once it gets a final consolidation.
Silver Spot
Resistance:18.00 18.50
Support:17.55 17.30
During the day, it’s applicable to choose Call at 17.55.
EUR/USD
Resistance:1.1350 1.1470
Support:1.1250 1.1200
If it’s able to rise up to 1.1330 but not able to breach over 1.1350 then you can choose Put.
USD/JPY
Resistance:118.60 119.25
Support:117.50 116.50
The most unstable area in this 4 hour chart is 118.70/117.30. During the day you can choose Call once it’s consolidated at 117.50 and choose Put after falling below 117.30. In the aftermarket it will be bearish if it rises to 118.50/119 but hits a obstacle.
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GBP/USD
Resistance:1.5180 1.5250
Support:1.5130 1.5100
This type of product has stronger momentum than others. You can choose Call at 1.5100/1.5130 once it gets consolidated in that area.
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