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| Technical Analysis for Gold 17-8-2015 |
Gold moved last Friday in the average movement of 94 Pips, its highest level at 1121.07 and the lowest price at 1111.66 and closed at 1114.61 to Lose 4 pips According to Friday’s economic data.
Gold opened today's trading at 1114.09 volatile between 1113 and 1119 during the Asian session trading at 6 Dollar for the poor liquidity in the market range.Gold is moving in a series of up impulse waves inside the ascending price channel.
It is expected that the yellow metal is heading targeting 1132 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
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