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

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Technical Analysis for Gold 30-7-2015

Technical Analysis for Gold 30-7-2015

Gold moved Yesterday in the average movement of 115 Pips, its highest level at 1101.72 and the lowest price at 1090.20 and closed at 1096.85 to Gain 18 pips According to yesterday’s economic data.

Gold opened today's trading at 1096.67 volatile between 1092 and 1098 during the Asian session trading at 6 Dollar for the poor liquidity in the market range.

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

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: 1090.79 and 1084.73 and 1079.27

Resistance levels: 1102.31 and 1107.77 and 1113.83

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Technical Analysis for Gold 6-7-2015

Technical Analysis for Gold 6-7-2015

Gold moved last Friday in the average movement of 48 PIPs, its highest level at 1170.10 and the lowest price at 1164.55 and closed at 1168.67 to Gain 31 pips According to negative economic data from USA on Thursday and bank holiday on Friday.

Gold opened today's trading at 1174.07 to make a Gap with 54 pips After Greeks rejected the terms of the creditors through a yesterday’s referendum.

Gold moves in a series of down impulse waves under the trend line

We saw the pair achieved our target at 1160

It is expected that the yellow metal is heading targeting 1157 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 we could see sharp trading because of the economic data from USA

Support levels: 1165.44 and 1162.22 and 1159.89

Resistance levels: 1170.99 and 1173.32 and 1176.54

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Technical Analysis for Gold 1-7-2015

 Technical Analysis for Gold 1-7-2015

Gold moved yesterday in the average movement of 138 Pips, its highest level at 1180.39 and the lowest price at 1166.64 and closed at 1171.05 to lose 86 pips According to yesterday’s economic data.

Gold opened today's trading at 1172.70 volatile between 1172 and 1175 during the Asian session trading at 3 dollars for the poor liquidity in the market range.

Gold moves in a series of up impulse waves after breaking the parallel price channel.

We saw the pair went up to trade close to our target at 1170

It is expected that the yellow metal is heading targeting 1163 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 we could see sharp trading because of the economic data from USA

Support levels: 1164.99 and 1158.94 and 1151.24

Resistance levels: 1178.74 and 1186.44 and 1192.49

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Technical Analysis for Gold 29-6-2015

Technical Analysis for Gold 29-6-2015

Gold moved last Friday in the average movement of 100 PIPs, its highest level at 1178.52 and the lowest price at 1168.36 and closed at 1175.07 to Gain 20 pips According to Friday’s economic data.

Gold opened today's trading at 1184.16 to make a gap with 90 pips and then the metal went down to trade now around 1178 dollar for ounce.

Gold moves in a series of up impulse waves after breaking the parallel price channel.

We saw the pair went up to trade close to our target at 1190

It is expected that the yellow metal is heading targeting 1170 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: 1169.44 and 1163.82 and 1159.28

Resistance levels: 1179.60 and 1184.14 and 1189.76

For More Technical Outlook FxStations

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