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| Technical Analysis for Gold 14-7-2015 |
Gold moved yesterday in the average movement of 134 PIPs, its highest level at 1164.46 and the lowest price at 1150.95 and closed at 1156.42 to Lose 63 pips According to yesterday’s economic data.
Gold opened today's trading at 1157.51 volatile between 1154 and 1158 during the Asian session trading at 4 dollars for the poor liquidity in the market range, and the gold went down to 1153.13 in the European session.
Gold moves in a series of down corrective waves below 78.6% fibo
It is expected that the yellow metal is heading targeting 1147 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 at 12:30 we are looking for Core Retail Sales m/m USA.
Today we could see sharp trading because of the economic data from USA
Support levels: 1150.09 and 1143.76 and 1136.58
Resistance levels: 1163.60 and 1170.78 and 1177.11
For More Technical Outlook FxStations
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