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August 8, 2014

GOLD Daily forex post- US session August 8, 2014

Posted by: ffs @ 14:06 GMT Category: Daily Forex,GOLD,Signals

GOLD Technical view

Updated:  August 8, 2014 14:06:17 GMT
SPOT GOLD Previous day OHLC
Open High Low Close Change
1305.54 1314.40 1301.76 1313.20 7.20
Today's Support and Resistance
Resistance
Support
R3 1337.00
R2 1335.00
R1 1317.00
S1 1308.00
S2 1303.00
S3 1299.00

Gold is pretty volatile on Friday, coming off sharply from the session highs after breaching Fibonacci levels and resistances at $1317.00. View bearish with the metal likely to head back to $1300.00, unless prices settle above the resistances

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: 9789
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