FxGrow Daily Technical Analysis – 30th June, 2017
By FxGrow Research & Analysis Team

Gold Remains Bearish Despite U.S Dollar Sharp Declines, Eyes On U.S Data


Gold showed a minor reaction yesterday to positive U.S GDP dropping to 1239.81 low and bouncing off, confused (Sideways) between 1247 and 1242, still the precious metal testing the 1240 area with rejection. On the other hand, with the sharp declines for greenback plunging today 95.20 low, yet gold fails to take advantage of pale U.S Index, refusing to advance as other currencies did yesterday.

Fundamentally, markets could be awaiting further data from U.S data to complete the key multi inflation figures with PCE and Personal Spending taking center stage. U.S Data today along with ...

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