MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of Gold for Aug 19, 2014


Technical outlook and chart setups:


1. Gold has completed its counter trend around $1,292.00 levels last week. Furthermore, the metal has formed base around $1,295.00 levels as seen here. High probability remains for an extended rally above $1,350.00 levels from here on.


2. Support is seen at $1,292.00 (interim), followed by $1,280.00, $1,260.00 and lower while resistance is seen at $1,325.00, followed by $1,388.00 and higher respectively.


3. The structure indicates that Gold remains to look higher towards $1,390.00 and above $1,400.00 levels from here on.


Trading recommendations:


Remain long, stop at $1,280.00, target is open.


Good luck!




The material has been provided by InstaForex Company - www.instaforex.com