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| Technical Outlook For Gold 21-6-2015 |
Gold moved last Friday in the average movement of 55 Pips, its highest level at 1204.03 and the lowest price at 1198.24 and closed at 1199.94 to lose just 15 pips According to the US not to raise interest rates
Gold opened today's trading at volatile between 1196 and 1201 during the Asian session trading at 5 dollars for the poor liquidity in the market range, and in the European session the gold went down to 1193.
Gold moves in a series of down impulse waves after breaking the parallel price channel.
We saw last week the gold achieved our target at 1190.
It is expected that the yellow metal is heading targeting 1189 as the target on time frame of four hours and till now we see the Bulls control on market direction and the Bears waits the first Resistance around 1189 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 USA
Support levels: 1197.44 and 1194.94 and 1191.65
Resistance levels: 1203.23 and 1206.52 and 1209.02
For Technical Outlook FxStations
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