Forex trading signals and analysis for GOLD – 24 Oct 2014

Forex trading signals and analysis for GOLD – 24 Oct 2014

Analysis:

Gold continued to move down lower yesterday, especially after US Job reports data. Gold touched 1225 zone before closing the day around 1231 level.

Downtrend resumed and gold is expected to move down further today. The next key support zone will be 1218.

We will join the existing trend for today trading.

XAUUSDH4 - 24 Oct 2014

Forex Trading Signals:

We will watch for signals to short Gold around 1236 – 1241 zone today.

Resistant zone:

– 1249 – 1253

– 1241 – 1243

Support zone:

– 1222- 1224

– 1216 – 1218

ForexSignals247

Leave a Reply

Your email address will not be published. Required fields are marked *