Forex trading signals and analysis for GOLD – 15 Sep 2014

Forex trading signals and analysis for GOLD – 15 Sep 2014

Analysis:

Last week Gold lost more than 4,000 pips loss and closed the week below the key support level of 1240. The medium down trend is confirmed now and we expect Gold will move down further today.

The next support level for Gold will be 1210 or 1180. If 1180 is broken, the down trend will be much stronger.

Gold is trading around 1228 now and we expect that gold will move up to retest 1238 – 1240 before falling down again.

XAUUSDDaily - 15 Sep 2014

Forex Trading Signals:

We will watch for signals to sell Gold 1235 – 1240 to trade in line with the current momentum.

Resistant zone:

– 1258 – 1260

– 1238 – 1240

Support zone:

– 1210 – 1212

– 1180 – 1182

ForexSignals247

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