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August 7, 2014

GOLD Daily forex post August 7, 2014

Posted by: ffs @ 04:03 GMT Category: Daily Forex,GOLD,Signals

GOLD Technical view

Updated:  August 7, 2014 4:03:04 GMT
SPOT GOLD Previous day OHLC
Open High Low Close Change
1287.79 1309.60 1287.20 1305.99 18.25
Today's Support and Resistance
Resistance
Support
R3 1337.00
R2 1317.00
R1 1309.00
S1 1302.00
S2 1293.00
S3 1288.00

Gold settled at more than a percent higher and at eight sessions highs on Wednesday. The precious metal closed above key trendline resistances at $1302.00, with the final bullish barrier placed at $1309.00. Close above and the gains should extend to $1335.00- 1340.00, where the upside is likely to be capped

Trend direction

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

Trading Recommendations

  • Short:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
  • Long:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
Post ID: 9769
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