Forex trading signals and analysis for GOLD – 14 Nov 2014

Forex trading signals and analysis for GOLD – 14 Nov 2014

Analysis:

Gold continued to consolidate within 150 pips range yesterday. Gold moved up during Asian session yesterday and expected to break 1178 but finally closed the day almost unchanged.

Gold is currently trading around 1160 and the short term trend is not clear yet. The upside is rejected at 1178 while the down side is supported around 1148.

There will be Europe GDP and US Retail sales data today and we expect Gold will break the range 1148 – 1178 today.

XAUUSDH4 - 14 Nov 2014

Forex Trading Signals:

We will watch for price action and signals to sell Gold around 1175 – 1178 or buy Gold around 1145 – 1148 zone before US Retail Sales data today.

Resistant zone:

– 1200 – 1205

– 1183 – 1185

– 1175 – 1178

Support zone:

– 1145 – 1148

– 1137 – 1138

ForexSignals247

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