Today the ascending trend on gold was confirmed. On Monday the quotations of yellow metal grew almost continuously and they easily overcame the resistance level 1705, which confirms the strength of the trend. And for people who did not enter the recommendations before week of trading, the evening of Monday is the best opportunity to open gold long positions, since with end of trading session in the USA there is a slight correction in the US towards the interdaily growth and a possibility exists to open with good price.
The aim of ascending movement on gold is the resistance level of 1738. The gold has all opportunities to reach this resistance level for two trading weeks of December that are left.
In comparison with the signal on gold for buying pound sterling against American gold doesn’t look impressive. GBPUSD pair drew deployment candlestick formation “inverse hammer”, which is a deployment signal that ends the correction last week.
However for continuation of ascending trend the GBPUSD pair will need to renew the local maximum, which is at the 1.6230 level.Social button for Joomla