Technical Analysis for Gold 3-8-2015

Technical Analysis for Gold 3-8-2015

Gold moved last Friday in the average movement of 235 Pips, its highest level at 1109.30 and the lowest price at 1079.83 and closed at 1094.82 to Gain 66 pips According to Friday’s economic data.

Gold opened today's trading at 1095.63 volatile between 1092 and 1097 during the Asian session trading at 5 Dollar for the poor liquidity in the market range.

Gold is moving in a series of down corrective waves inside the flag to record the lower price over 66 months at 1077.15

It is expected that the yellow metal is heading targeting 1083 as a target on time frame of four hours and until now we see the Bears control on market direction and the Bulls waits the first support Level to enter the market

And the Relative Strength Indicator "RSI" show us distribution operations at the market

Today we could see sharp trading because of the economic data from the USA

Support levels: 1080.00 and 1065.18 and 1050.53

Resistance levels: 1109.47 and 1124.12 and 1138.94

More Technical Outlook FxStations

Read More

Technical Analysis for Gold 28-7-2015

Technical Analysis for Gold 28-7-2015

Gold moved Yesterday in the average movement of 166 Pips, its highest level at 1104.89 and the lowest price at 1088.23 and closed at 1093.41 to lose 61 pips According to yesterday’s economic data.

Gold opened today's trading at 1093.80 volatile between 1092 and 1098 during the Asian session trading at 6 Dollar for the poor liquidity in the market range.

Gold is moving in a series of down corrective waves to record the lower price over 66 months at 1087.62 to touch 161.8% fibo

It is expected that the yellow metal is heading targeting 1111 as a target on time frame of four hours and until now we see the Bulls control on market direction and the Bears waits the first Resistance Level to enter the market

And the Relative Strength Indicator "RSI" show us accumulation operations at the market

Today we could see sharp trading because of the economic data from the USA

Support levels: 1086.13 and 1078.85 and 1069.47

Resistance levels: 1102.79 and 1112.17 and 1119.45

More Technical Outlook FxStations

Read More

Technical Analysis for Gold 15-7-2015

Technical Analysis for Gold 15-7-2015

Gold moved yesterday in the average movement of 67 PIPs, its highest level at 1159.65 and the lowest price at 1152.82 and closed at 1154.87 to Lose 26 pips According to yesterday’s economic data.

Gold opened today's trading at 1154.84 volatile between 1153 and 1156 during the Asian session trading at 3 dollars for the poor liquidity in the market range.

Gold moves in a series of down corrective waves below 78.6% fibo

It is expected that the yellow metal is heading targeting 1147 as the target on time frame of four hours and till now we see the Bears control on market direction and the Bulls waits the first Support Level to enter the market

And the Relative Strength Indicator "RSI" show us distribution operations at the market

Today at 12:30 we are looking for PPI m/m USA.

Today we could see sharp trading because of the economic data from USA

Support levels: 1151.91 and 1148.95 and 1145.08

Resistance levels: 1158.74 and 1162.61 and 1165.57

For More Technical Outlook FxStations

Read More