Gold on Short-Run still signaling Buy

Gold on Short-Run still signaling Buy

Rami
25 (07) 2016 - 00:15 (GMT)
0

Gold standing above support zone (1305-10) still giving chance for rebound correction over Short-Run where market showing ability to head toward (1360-70) zone as we see over the chart

below 1305 market may head for farther drop movement which may call a break for the uptrend line which may creat a new downtrend wave that may target 1280 and (1250-60) zone

 for Long(Buy) traders the Stop Loss order may be set below 1305 levels

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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