Forex trading signals and analysis for GOLD – 5 Sep 2014

Forex trading signals and analysis for GOLD – 5 Sep 2014

Analysis:

Yesterday Gold spiked to 1277 then drop down to 1260 zone following the free fall of EURUSD and closed at almost low of the day . The short term is down and bearish momentum is strong now.

We expect Gold will test 1273 – 1277 zone again today and the next target will be 1240.

XAUUSDDaily - 5 Sep 2014

Forex Trading Signals:

We will watch for signals to sell Gold around 1273 – 1277 to trade in line with the current momentum today, before Non-farm payroll report.

Resistant zone:

– 1280 – 1283

– 1273 – 1277

Support zone:

– 1258 – 1260

– 1240 – 1242

ForexSignals247

Leave a Reply

Your email address will not be published.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