Forex trading signals and analysis for GOLD – 26 Sep 2014

Forex trading signals and analysis for GOLD – 26 Sep 2014

Analysis:

Yesterday Gold tried to break 1208 zone but failed, mainly due to weakness of US index during US session. Gold closed the day above 1215 and shown a strong rejection at 1208 zone. Gold continue to move up during Asian trading session today and is trading around 1225 – 1228.

The medium term trend is still bearish, however the short -term trend is up now. We expect Gold will move up to test 1235 zone today. US GDP Q2 data today will either push Gold up to break 1235 – 1237 or down to break 1208 zone.

XAUUSDH4 - 26 Sep 2014

Forex Trading Signals:

We will watch for signals to short Gold around 1235 before US GDP data today.

Resistant zone:

– 1241 – 1243

– 1233 – 1235

Support zone:

– 1206 – 1208

– 1180 – 1182

ForexSignals247

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