UK government raises job support aid, cuts employers' contributions
- We are making job support scheme more generous
- Employees only require to work 20% of hours, previously 33%
- Firms only cover 5% of non-worked hours, previously 33%
- Maximum grant will increase to £3,750 from £1,875 previously
- Doubles grants for self-employed from 20% to 40%
- Cash grants will be up to £2,100 per month for every month Tier 2 applies
Further Development
Analyzing the current trading chart of Gold, I found that the buyers are in control and there is the breakout of the ascending triangle in the background.
My first target was reached at the price of $1,930 and there is potential for the rally towards $1,955.
The short-mid term trend is still to the upside and my advice is to watch for buying opportunities on the dips with the target at $1,955
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Ethanol and Sugar today and on the bottom Lumber and Orange Juice.
Key Levels:
Resistance: $1,931 and $1,955
Support level: $1,913
