Technical Analysis for Gold 13-8-2015

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

Support levels: 1108.69 and 1093.24 and 1084.85
Resistance levels: 1132.53 and 1140.92 and 1156.37
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Technical Analysis for Gold 5-8-2015

Technical Analysis for Gold 5-8-2015

Gold moved yesterday in the average movement of 137 Pips, its highest level at 1094.61 and the lowest price at 1080.88 and closed at 1088.82 to Gain 25 pips According to yesterday’s economic data.

Gold opened today's trading at 1087.48 volatile between 1084and 1088 during the Asian session trading at 4 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 1073 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: 1081.59 and 1074.37 and 1067.86

Resistance levels: 1095.32 and 1101.83 and 1109.05

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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 22-7-2015

Technical Analysis for Gold 22-7-2015

Gold moved Yesterday in the average movement of 129 Pips, its highest level at 1109.73 and the lowest price at 1096.85 and closed at 1100.38 to Gain 24 pips According to yesterday’s economic data.

Gold opened today's trading at 1100.65 volatile between 1095 and 1103 during the Asian session trading at 8 Dollar for the poor liquidity in the market range, and in the European session the gold went down to 1090

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

The gold was trading close to our target at 1089

It is expected that the yellow metal is heading targeting 1080 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: 1094.91 and 1089.44 and 1082.03

Resistance levels: 1107.79 and 1115.20 and 1120.67

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Technical Analysis for Gold 14-7-2015

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
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