Gold And Silver Trends Meet Targets: Turn Bullish
- Thursday, 25 October 2018 17:23
The VC PMI analysis shows that gold enters this week with a bullish sentiment.
For gold, take profits if you are long and wait for reversions to the buy 1 (B1) level of $1220 to the buy 2 (B2) level of $1212 to go.
The VC PMI analysis shows that silver enters this week with a bullish trend momentum.
If the silver market closes below $14.66, it would activate a bearish trend and activate buy 1 (B1) and buy 2 (B2) levels at $14.45 and $14.25.
The gold market closed on Friday at $1229 and with the market closing above the 9-week moving average of $1208, we came into this week with a bullish sentiment. The VC PMI also tells us that if gold closes below $1208, this bullish sentiment would be negated.
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EU and Iran agree on new payment system to skirt US sanctions
- Tuesday, 25 September 2018 15:19
Five world powers and Iran agree to set up legal entity to circumvent US sanctions after Trump pullout from 2015 deal.
The EU has vowed to stick to the 2015 nuclear agreement with Iran [File: Stephanie Lecocq/AP]
In a major snub to the United States, the European Union has decided to set up a new mechanism to enable legal trade with Iran without encountering US sanctions.
The EU will create new payment channels to preserve oil and other business deals with Iran, Federica Mogherini, the bloc’s foreign policy chief said late on Monday, in a bid to evade US punitive measures.
US President Donald Trump withdrew from a 2015 nuclear deal in May and re-imposed sanctions on the country.
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