Jairo Da Silva Almeida

Gold resumes the decline – Analysis - 25-08-2016

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
23 0 2
Gold             price traded with clear negativity yesterday after facing the EMA50 in the past sessions, to head towards our waited targets located between 1310.65 and 1297.75, which supports the continuation of the expected bearish bias on the intraday basis, which will remain temporary unless breaking the last level, as breaking it represents the key to extend the bearish wave to reach 1249.95 as a next main station.

Note that breaching 1347.80 followed by 1360.00 levels will stop the current negative pressure and lead the price to regain its main bullish track again.

Expected trading range for today is between 1297.75 support and 1340.00 resistance.

Expected trend for today: Bearish
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