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*

Intraday levels and trading recommendations on Gold for September 02, 2014

GOLDDaily.png


The yellow metal in yesteday's session rejected from 50Wsma or $1,291, made high at $1,288.30 but managed to close slightly above 200Dsma in the daily chart. It means, the metal is facing selling pressure at higher levels. The metal opened its session today with a minor bearish note. We expect it will correct a bit upwards to the nearest support levels to regain some strength. On the upper side, it has resistance at $1,291 above this; $1,295-$1,296 is the major resistance level.


In case a weekly close is above $1,29, bulls will regain the strength in the near term. - pending


In case a daily close is above $1,296, ST trend turns to positive. - pending


GOLDH4.png

For an hourly trading perspective, we recommend selling only below the $1,285 level. On the down side, it has targets at $1,282, $1,281, and $1,280 levels; break below $1,279.50 more downside is expected to $1,277.50, $1,276 and $1,274 levels. Fresh longs only above $1,289 will mint the money.


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