Forex Today Daily Analysis Signals GBP GOLD 12.19.2013
GBPUSD
1.6390 GBPUSD opening today opened higher than yesterday's opening day Wednesday before the price of 1.6262 and the uptrend began in the GBPUSD pair. technically using fibonaci price now 1.6374 and price want to try to break in to the bullish price of 1.6428 and if the price can be breached then the next price will lead to the movement of the price range 1.6483 1.6539 - 1.6705 but if the price is not able to penetrate in the price will back down toward the bearish break even at the price of 1.6261 to 1.6317 with the movement of the price range - 1.6039.
Recommendations for open positions :
Sell Stop 1.6315
Buy Stop 1.6430
GOLD
Technically, gold is in the mid-range and saw short covering and bargain hunting, past FOMC. Trading became volatile at lower price levels. Bearish gold market still has solid technical advantage overall. Gold bull run next upside price breakout objective is short near solid technical resistance at December high $ 1,267.50. The purpose of short -term downside price breakout next Bearish there at closing prices below solid technical support at December low $ 1,210.10. First resistance is seen at Wednesday's high $ 1,244.00 and then at this week high at $ 1,251.70. First support is seen at $ 1,220.00 and then at Wednesday low $ 1,210.10.
R3 : 1264.80
R2 : 1254.66
R1 : 1236.35
Pivot : 1226.21
S1 : 1207.90
S2 : 1197.76
S3 : 1179.45
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