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| Technical Outlook For Gold 20-8-2015 |
Gold moved yesterday in the average movement of 183 pips ,its highest level at 1134.55 and the lowest price at 1116.23 and closed at 1133.72 to gain 160 pips According to yesterday’s economic data.
Gold opened today's trading at 1133.72 volatile between 1142.17 and 1132.60 during the Asian session trading at 96 pips for the poor liquidity.
Gold is moving in a series of up corrective waves after breaking flag.
It is expected that the yellow metal is heading targeting 1145.20 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 and the control of bulls on the market.
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