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| Technical Analysis for Gold 13-8-2015 |
Gold moved yesterday in the average movement of 234 Pips, its highest level at 1125.47 and the lowest price at 1101.63 and closed at 1124.14 to Gain 156 pips According to yesterday’s economic data.
Gold opened today's trading at 1125.52 volatile between 1120 and 1126 during the Asian session trading at 6 Dollar for the poor liquidity in the market range, and in the European session the gold went up to 1117.20
Gold is moving in a series of up impulse waves after breaking the flag to record the higher price over 2 weeks
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
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