 |
| Technical Analysis for Gold 10-8-2015 |
Gold moved last Friday in the average movement of 166 Pips, its highest level at 1099.37 and the lowest price at 1082.66 and closed at 1093.66 to Gain 43 pips According to Friday’s economic data.
Gold opened today's trading at 1094.52 volatile between 1090and 1095 during the Asian session trading at 5 Dollar for the poor liquidity in the market range, and in the European session the gold went up to 1098.33
Gold is moving in a series of down corrective waves inside the flag to record the lower price over 66 months at 1077.15
We saw the gold achieved our target at 1093
It is expected that the yellow metal is heading targeting 1103 as a target on time frame of four hours and until now we see the Bulls control on market direction.
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
0 comments:
Post a Comment