Gold met Intraday-Levels target and testing support

Gold met Intraday-Levels target and testing support

Rami
30 (08) 2016 - 22:15 (GMT)
0

Gold managed to sustain drop movement after broke below (1317) where US consumer confidence weigh more over the Gold to test our support zone (1305-10) over Intraday-Levels as our previous report advised (see here).

Support zone (1305-10) will provide Long(Buy) opportunities with stop loss below (1305) where below this levels more drop will be expected toward (1290) which may provide another support for market.

While as long as market holding trades above (1305) another rebound correction will be expected toward (1325) with opportunity for more advance toward (1340).

 

GOLD

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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