 |
| Technical Analysis for Gold 13-7-2015 |
Gold moved last Friday in the average movement of 79 Pips, its highest level at 1165.30 and the lowest price at 1157.32 and closed at 1163.44 to Gain 38 pips According to Friday's economic data.
Gold opened today's trading at 1162.89 volatile between 1159 and 1164 during the Asian session trading at 5 dollars for the poor liquidity in the market range, and the gold went down to 1153.64 in the European session.
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 18:00 we are looking for Federal Budget Balance USA.
Today we could see sharp trading because of the economic data from USA
Support levels: 1158.74 and 1154.04 and 1150.76
Resistance levels: 1166.72 and 1170.00 and 1174.70
For More Technical Outlook FxStations
0 comments:
Post a Comment