daytrading april 2 pre-market, page-2

Thanks bonnie laddie.


The metals found some minor buying interest overnight on a slightly weaker tone to the U.S. dollar. Physical demand in the Far East continues to be muted and traders are reluctant to enter into new speculative positions. The markets are sensitive to any “noise” on the wires, as they struggle to find short-term momentum. Trading the $1,278 support against the $1,292 resistance band may continue for another day for gold. A breach of the $1,278 level brings the $1,262 tick into play and the upside will encounter resistance at $1,300, should the $1,292 level be broken.