Technical Analysis for Gold 10-8-2015

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

Support levels: 1084.42 and 1075.18 and 1067.71
Resistance levels: 1101.13 and 1108.60 and 1117.84
More Technical Outlook FxStationa

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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

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Technical Analysis for Gold 9-7-2015

Technical Analysis for Gold 9-7-2015

Gold moved yesterday in the average movement of 175 PIPs, its highest level at 1164.49 and the lowest price at 1147.07 and closed at 1157.48 to Gain 27 pips According to yesterday’s economic data.

Gold opened today's trading at 1158.43 and went up to 1166.48 to face resistance area which expected to fall down from it

Gold moves in a series of down corrective waves around 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 Unemployment Claims from USA.

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

Support levels: 1148.20 and 1138.92 and 1130.78

Resistance levels: 1165.62 and 1173.76 and 1183.04
For More Technical Outlook FxStations

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Technical Analysis for Gold 2-7-2015

Technical Analysis for Gold

Gold moved yesterday in the average movement of 75 PIPs, its highest level at 1174.97 and the lowest price at 1167.35 and closed at 1167.35 to lose 46 pips According to Positive ADP Non-Farm Employment Change from USA.

Gold opened today's trading at 1168.35 volatile between 1166 and 1169 during the Asian session trading at 3 dollars for the poor liquidity in the market range.

Gold moves in a series of down impulse waves under the trend line

We saw the pair achieved our target at 1163

It is expected that the yellow metal is heading targeting 1160 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: 1164.81 and 1162.27 and 1157.19

Resistance levels: 1172.43 and 1177.51 and 1180.05
For More Technical Outlook FxStations

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