Forex trading signals and analysis for GOLD – 30 Oct 2014

Forex trading signals and analysis for GOLD – 30 Oct 2014

Analysis:

Gold was trading in narrow range 1225 – 1235 in the last 5 days then finally resumed its downtrend and moved down faster after FOMC meeting. FOMC hawkish tone is bullish for USD and bearish for Gold. The sellers now are in control and we expect Gold will move down further today.

The target today for gold will be 1200 or 1190.

XAUUSDH4 - 30 Oct 2014

Forex Trading Signals:

We will watch for signals to short Gold around 1220– 1226 zone today.

Resistant zone:

– 1235 – 1237

– 1225 – 1228

Support zone:

– 1206 – 1208

– 1200 – 1202

ForexSignals247

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