Technical Analysis for Gold 6-8-2015

Technical Analysis for Gold 6-8-2015

Gold moved yesterday in the average movement of 95 Pips, its highest level at 1092.43 and the lowest price at 1082.85 and closed at 1084.33 to Lose 31 pips According to yesterday’s economic data.

Gold opened today's trading at 1084.87 and in a suddenly movement fall down to 1081.28 and held steady volatile between 1083 and 1087 during the Asian session trading at 4 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 1093 as a target on time frame of four hours and until now we see the Bulls control on market direction and the Bulls waits the first support 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: 1080.64 and 1076.95 and 1071.06

Resistance levels: 1090.22 and 1096.11 and 1099.80

More Technical Outlook FxStations

Read More

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 8-7-2015

Technical Analysis for Gold 8-7-2015

Gold moved yesterday in the average movement of 224 PIPs, its highest level at 1170.27 and the lowest price at 1147.82 and closed at 1153.93 to Lose 162 pips According to yesterday’s economic data.

Gold opened today's trading at 1154.79 volatile between 1150 and 1156 during the Asian session trading at 6 dollar for the poor liquidity in the market range, and in the European session the gold went down to 1147.07

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

We saw the gold achieved our target at 1161

It is expected that the yellow metal is heading targeting 1144 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 we could see sharp trading because of the economic data from USA

Support levels: 1144.41 and 1134.89 and 1121.96

Resistance levels: 1166.86 and 1179.79 and 1189.31

For More Technical Outlook FxStations

Read More