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Gold technical analysis
Gold technical analysis

Gold Technical Analysis 10-15 July 2017

Gold Technical Analysis 10 July 2017

Gold is under pressure for one more day and the bearish trend that started on June 6th is intact and now the precious metal is targeting the psychological 1200 level.

Gold Technical Analysis 07 July 2017

Gold is the worst performer of the day down 1.20% to 1210 and two hours ago was at 1207.24 the daily low. Sellers act aggressively when the precious metal broke below the 200d MA, turning the long term momentum to bearish. Next target the 1200 area

Gold Technical Analysis 03 July 2017

Gold is making a rebound today and currently trading at 1252, yesterdays pattern suggest that sellers will take control at this level, it looks tough for the precious metal to break above the 50d MA

 

 

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