Jairo Da Silva Almeida

Gold is forced for some decline – Analysis - 09-09-2016

FX_IDC:XAUUSD   Gold / U.S. Dollar
31 0 0
Gold             price rebounds bearishly slightly after approaching from the intraday resistance line that appears on chart located now at 1353.00, as the price trades near the EMA50 that forms support base against the intraday trading, accompanied by stochastic entering the oversold areas.

Therefore, these factors encourage us to continue suggesting the overall bullish trend , which its targets begin by breaching 1353.00 level to open the way to head towards 1375.00 followed by 1400.00 areas as next main stations, reminding you that holding above 1297.75 level represents the most important condition to the continuation of the suggested bullish bias.

Expected trading range for today is between 1320.00 support and 1365.00 resistance.

Expected trend for today: Bullish
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out