Technical Analysis for Gold 4-8-2015

Technical Analysis for Gold 4-8-2015

Gold moved yesterday in the average movement of 120 Pips, its highest level at 1097.70 and the lowest price at 1085.72 and closed at 1086.07 to lose 96 pips According to yesterday’s economic data.

Gold opened today's trading at 1086.36 volatile between 1081 and 1087 during the Asian session trading at 6 Dollar for the poor liquidity in the market range, and in the European session the metal went up to 1092.12

Gold is moving in a series of down corrective waves inside the flag to record the lower price over 66 months at 1077.15

We saw the gold achieved our target at 1083

It is expected that the yellow metal is heading targeting 1100 as a target on time frame of four hours and until now we see the Bulls control on market direction and the Bulls waits the first support 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: 1081.96 and 1077.85 and 1069.98

Resistance levels: 1093.94 and 1101.81 and 1105.92

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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

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Technical Analysis for Gold 21-7-2015

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

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