XAUUSD Analysis 08/09/14

FX:XAUUSD   Gold Spot / U.S. Dollar
167 0 3
Continuation of 28/08/14 ---

As previously discussed, the price of Gold             formed a Triangle Pattern . This triangle pattern that was mentioned before was already broken. The price broke below the pattern which indicated that the market wants to go lower. As can be seen in the chart, there is a medium term significant area which is at the 1270 level. After the price broke below the Uptrend Support, the price stayed below this 1270 level. This confirms that the market really wants to go lower. It would be a good opportunity to go Short here before the market continues to go down.

Trade well.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out