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Summary
Every day we hear a lot about support and resistance. Different analysts speak about different levels. This happens because there are a lot of techniques for determination of supports and resistances. Which technique to choose? How to find the levels that really work?
Elizabeth Belugina, the Head of Analytics Department at FBS, will tell you all you need to know about support/resistance levels. This knowledge will help you make your market entries more precise and get a bigger profit.
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GBP/USD holds above 1.2650 following earlier decline
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Gold climbs to multi-week highs above $2,400
Gold gathered bullish momentum and touched its highest level in nearly a month above $2,400. Although the benchmark 10-year US yield holds steady at around 4.4%, the cautious market stance supports XAU/USD heading into the weekend.
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Week ahead: Flash PMIs, UK and Japan CPIs in focus – RBNZ to hold rates
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