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Gold Technical Analysis (Daily Chart) on 3rd February 2017

Gold / XAUUSD – On the daily time frame this precious metal has broken below the uptrend channel and looks heavy at the moment. The next downside target and support level can be seen at 1226.44 and below that 1216.59. 1244 is first topside resistance. If price moves back up and into the channel, it nullifies

By | 2017-03-12T14:56:59+00:00 March 3rd, 2017|Categories: Forex Trading Signals|Tags: , |0 Comments

Gold Technical Analysis (Daily Chart) on 2nd February 2017

Gold / XAUUSD – On the daily time frame this precious metal is currently within an uptrend channel. Yesterday's price action saw it testing the bottom of the channel and a quick rebound ensued as buyers came in at the 1236.63 level. Below that and we have price closing below the channel and the 15 ema. If

By | 2017-03-12T14:58:12+00:00 March 2nd, 2017|Categories: Forex Trading Signals|Tags: , |0 Comments

Gold Technical Analysis – Daily Time Frame 27th June 2014

The yellow metal is challenging the down trend line at the moment on the daily time frame. Price has gone sideways and a close above the down trend line will take us to next resistance level in the form of the 61.8% Fibonacci level at 1335.4 Good thing for the bulls is that the price

By | 2017-01-01T13:01:10+00:00 June 27th, 2014|Categories: Forex Trading Signals|Tags: , , |0 Comments
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