Technical Analysis for Gold 24-8-2015

Technical Analysis for Gold 24-8-2015

Gold moved last Friday in the average movement of 194 Pips, its highest level at 1168.11 and the lowest price at 1148.81 and closed at 1160.63 to Gain 74 pips According to Friday’s economic data.

Gold opened today's trading at 1161.17 volatile between 1154 and 1164 during the Asian session trading at 10 Dollar for the poor liquidity in the market range.

Gold is moving in a series of up corrective waves after breaking the parallel price channel and now the gold is trading below the trend line.

It is expected that the yellow metal is heading targeting 1170 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

Support levels: 1150.25 and 1139.88 and 1130.95
Resistance levels: 1169.55 and 1178.48 and 1188.85
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Technical Analysis for Gold 17-8-2015

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

Support levels: 1110.49 and 1106.37 and 1101.08
Resistance levels: 1119.90 and 1125.19 and 1129.31

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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

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