Technical Outlook For Gold 20-8-2015

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.

Support levels: 1121.78, 1109.84 and 1103.46
Resistance levels: 1140.10, 1146.48 and 1158.42
More Technical Outlook FXS

Read More

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

Read More

Technical Analysis for Gold 27-7-2015

Technical Analysis for Gold 27-7-2015

Gold moved last Friday in the average movement of 244 Pips, its highest level at 1104.89 and the lowest price at 1094.25 and closed at 1103.65 to Gain 87 pips According to Friday’s economic data.

Gold opened today's trading at 1099.55 volatile between 1095 and 1100 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 1104.89

Gold moves in a series of down corrective waves to record the lower price over 66 months at 1087.62 to touch 161.8% fibo

The gold achieved our target at 1080

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: 1096.97 and 1090.29 and 1086.33

Resistance levels: 1107.61 and 1111.57 and 1118.25

More Technical Outlook FxStations

Read More

Technical Analysis for Gold 16-7-2015

Technical Analysis for Gold

Gold moved yesterday in the average movement of 136 PIPs, its highest level at 1156.67 and the lowest price at 1143.11 and closed at 1147.78 to Lose 71 pips According to yesterday’s economic data.

Gold opened today's trading at 1147.35 volatile between 1145 and 1149 during the Asian session trading at 4 dollars for the poor liquidity in the market range.

Gold moves in a series of down corrective waves above the lower price at 7 months

The gold achieved our target at 1147

It is expected that the yellow metal is heading targeting 1141 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 14:00 we are looking for Philly Fed Manufacturing Index USA.

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

Support levels: 1141.70 and 1135.62 and 1128.14

Resistance levels: 1155.26 and 1162.74 and 1168.82

For More Technical Outlook FxStations

Read More

Technical Analysis for Gold 13-7-2015

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

Read More