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

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Technical Analysis for Gold 29-7-2015

Technical Analysis for Gold 29-7-2015

Gold moved Yesterday in the average movement of 73 Pips, its highest level at 1098.82 and the lowest price at 1091.45 and closed at 1095.42 to Gain 17 pips According to yesterday’s economic data.

Gold opened today's trading at 1095.15 volatile between 1094 and 1099 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 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: 1091.64 and 1087.86 and 1084.27

Resistance levels: 1099.01 and 1102.60 and 1106.38

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Technical Analysis for Gold 7-7-2015

Technical Analysis for Gold 7-7-2015

Gold moved yesterday in the average movement of 121 PIPs, its highest level at 1174.71 and the lowest price at 1162.74 and closed at 1168.84 to Lose 50 pips According to yesterday’s economic data.

Gold opened today's trading at 1170.11 volatile between 1166 and 1170 during the Asian session trading at 4 cents for the poor liquidity in the market range...

Gold moves in a series of down corrective waves above 61.8% fib

It is expected that the yellow metal is heading targeting 1161 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: 1162.81 and 1156.79 and 1150.84

Resistance levels: 1174.78 and 1180.73 and 1186.75

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