Forex trading signals and analysis for GOLD – 22 Sep 2014

Forex trading signals and analysis for GOLD – 22 Sep 2014

Analysis:

Gold ended last week at almost Friday low and the Scottish Independent Vote result clearly had no effect on Gold. The downtrend is still intact and we expect Gold will continue to move down today.

The next support for Gold will be 1200 – 1204 and if this support is broken, 1180 will be tested soon.

Currently, Gold is trading around 1217 and we expect Gold will test 1225-1228 before falling down again.

XAUUSDH4 - 22 Sep 2014

Forex Trading Signals:

We will wait for signals to short Gold around 1224 – 1228.

Resistant zone:

– 1239 – 1241

– 1227 – 1229

Support zone:

– 1200 – 1204

– 1180 – 1182

ForexSignals247

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