Forex trading signals and analysis for GOLD – 13 Aug 2014

Forex trading signals and analysis for GOLD – 13 Aug 2014

Analysis:

Gold did not moved down to test 1301 as expected but instead broken 1309 to move higher. As noted yesterday, 1313 – 1324 already formed a resistant zone the day before, this is the zone where market rejected high price. Gold moved up to test 1317 but failed and closed the day almost unchanged below 1310.

It is clearly that the seller is in control for the short term and we expect gold will fall down further today toward 1292.

XAUUSDDaily 13 Aug 14

Forex Trading Signals:

We will watch for signals to sell gold around 1312, 1317 or buy gold around 1292 today.

Support zone:

– 1299 – 1301

– 1291 – 1293

Resistant zone:

– 1313 – 1317

– 1323 – 1325

–  1331 – 1333

-1341 – 1343

ForexSignals247

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