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| Technical Analysis for Gold 25-6-2015 |
Gold moved yesterday in the average movement of 102 PIPs, its highest level at 1180.14 and the lowest price at 1169.85 and closed at 1174.72 to lose 31 pips According to positive economic data from USA
Gold opened today's trading at volatile between 1174and 1178during the Asian session trading at 4 dollars for the poor liquidity in the market range.
Gold moves in a series of up impulse waves after breaking the parallel price channel.
It is expected that the yellow metal is heading targeting 1190 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 around 1170 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: 1169.66 and 1164.61 and 1159.37
Resistance levels: 1179.95 and 1185.19 and 1190.24
For More Technical Outlook FxStations
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