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| Technical Analysis for Gold 21-7-2015 |
Gold moved Yesterday in the average movement of 45 Pips, its highest level at 1133.20 and the lowest price at 1087.62 and closed at 1096.05 to Lose 37 pips According to yesterday’s economic data.
Gold opened today's trading at 1098.04 volatile between 1097 and 1105 during the Asian session trading at 8 Dollar for the poor liquidity in the market range, and in the European session the oil went up to 1109
Gold moves in a series of down corrective waves to record the lower price over 66 months at 1087.62
The gold achieved our target at 1105
It is expected that the yellow metal is heading targeting 1089 again the 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: 1078.04 and 1060.04 and 1032.46
Resistance levels: 1123.62 and 1151.20 and 1169.20
More Technical Outlook FxStations
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