Forex Today GOLD News Signal Analysis 1.07.2014
Some comments about Gold that give me an analytical idea. I presume that this metal bearish trend still intouch and going to more lower, could be at 1180 (as June 18, 2013) as the first target.
Gideon said: The algorithms have been pushing gold up since the lows of 1188. Current support sitting between 1220 to 25 with anticipated target tomorrow at the 1245s. Will be going long if we get s pull back into current support.
Gideon said: The algorithms have been pushing gold up since the lows of 1188. Current support sitting between 1220 to 25 with anticipated target tomorrow at the 1245s. Will be going long if we get s pull back into current support.
Asad Rizvi said: GOLD @ $ 1237.60 = Gold gained as per expectation in thin market condition, as holder s of gold position made every effort to halt the slide and attain better closing level due to year end. This could be good opportunity for sellers to step in to pick the top and sell Yellow metal, as risk is that strong US data will counter FED’s idea of maintaining low interest rate for longer period of time. Strong US growth and FED Tapering is a threat for gold. FED minutes could damage the sentiments of gold Bulls.
Next crucial level is $ 1247-53 zones break risks for a test of $ 1262-65. However, I am expecting gold to exhaust around 1st resistance level. On the down side break of $ 1210-12 is required for a test for a steep fall. Break of $ 1292 will encourage for a test of $ 1175 ones.
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