Gold showing chance for rebound correction over Short-run

Gold showing chance for rebound correction over Short-run

Rami
08 (12) 2016 - 11:43 (GMT)
0

After the Precious Metal managed to hold trades below resistance (1202-06) market managed to head for farther drop movement below (1170) as previous Intraday report advised (see here), while market start to show signs that Gold hit bottom or closing to hit bottom before a rebound correction may hit the market especially that Gold met Mid-Long-Run target as previous report advised (see here).

Short-Run Indicators showing that market either hit bottom or closing from hit bottom before head for rebound correction toward (1220) zone

As long as market holding above (1245-50) zone a rebound correction toward (1220) will be expected

Below (1145) with daily close, this will add more drop pressure for farther retreat.

 

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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