Gold 3 Sep Technical Analysis By FxBinaryPoint

FXBinaryPoint

Trader
Sep 3, 2015
1
0
7
www.fxbinarypoint.com
Gold prices edged lower this Wednesday, with stop down to a daily low of $1,132.06 before bouncing some before the closing bell. The commodity fell as risk aversion sentiment eased on rising European and American stocks, confined to a narrow range ahead of upcoming risk events that can determinate whether the FED will be able to raise rates or not this September. Daily basis, the price is now pressuring a bullish 20 SMA, whilst the technical indicators have turned lower in positive territory, limiting the upward potential for the upcoming sessions.

In the shorter term, the metal has turned neutral, as the price stands a few cents below a horizontal 20 SMA, whilst the Momentum indicator remains flat around 100 and the RSI lacks directional strength around 46. An advance beyond 1,134.70, the immediate resistance, may see some intraday gains, although the risk is towards the downside on a dovish ECB for this Thursday.

Support levels: 1,129.40 1,123.75 1,109.20

Resistance levels: 1,137,40 1,144.70 1,152.90
 

lenon

Banned
Sep 8, 2015
111
1
79
I can’t see a favorable opening for a deal right now. Therefore, I’ll wait to see which of the variants is the right one.
Gold.jpg
 

lenon

Banned
Sep 8, 2015
111
1
79
Right now, I can’t see the entrance for opening a deal on the asset. I suppose that the price will turn after reaching the 1.1310 level.
gold.jpg
 

lenon

Banned
Sep 8, 2015
111
1
79
I can see an excellent entrance to the XAU/USD market after reaching the 1178.00 level. The price will go up.
GOLD.jpg
 

Maxi89

Trader
Feb 16, 2016
91
1
24
38
I can see two scenarios here – the basic (1) and alternative (2).
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rikki

Trader
Dec 18, 2016
31
2
14
34
The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didn’t harm me much.
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