Gold Horizontal Ahead Weekend


Throughout Wednesday and Thursday the price of gold (EURUSD) barely changed the pattern of movement, kept horizontal in the range that is thinner than the normal daily movements in commodity prices.

It seems the market is waiting for event and important data such as Janet Yellen’s speech this afternoon, the GDP of Germany and France later this afternoon and US retail sales data at 20:30 GMT.

The range is 1150.00-1169.00 intraday time frame. A larger range of 1142.00-1179.00. The opportunities today EURUSD will move in two of these ranges.