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August 6, 2014

GOLD Daily forex post- US session August 6, 2014

Posted by: ffs @ 14:08 GMT Category: Daily Forex,GOLD,Signals

GOLD Technical view

Updated:  August 6, 2014 14:08:43 GMT
SPOT GOLD Previous day OHLC
Open High Low Close Change
1287.65 1293.40 1282.30 1287.74 -0.30
Today's Support and Resistance
R3 1309.00
R2 1300.00
R1 1296.00
S1 1285.00
S2 1277.00
S3 1264.00

Gold is more than 1.5 percent higher on Wednesday, rebounding sharply from the day's open. The precious metal however came off the session highs after briefly testing trendline resistances at $1309.00. Wait for a clear signal before initiating fresh trades

Trend direction

  • Short term: Bearish
  • Medium term: Bearish
  • Long term: Bearish

Trading Recommendations

  • Short:

    • Stops triggered on short trades initiated at $1288.00
  • Long:

    • N/A
Post ID: 9757
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