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 September 19, 2014


Technical outlook and chart setups:


Gold remains subdued between the $1,215.00 and $1,225.00 levels as seen in a 4H chart view here. Keeping the larger view in mind that the metal is trading around the 0.786 fibonacci support levels of the rally between $1,182.00 and $1,388.00, probability still remains that $1,180.00 could be retested before the rally resumes. As seen here, the metal needs to at least break above $1,240.00 levels (initial resistance), to declare that bulls are back in control. Gold would remain vulnerable towards fresh lows till $1,240.00 remains intact. Initial support is seen at $1,180.00/85.00, while immediate resistance is fixed at $1,240.00 for now.


Trading recommendations:


Remain flat for now, look to enter long.


Good luck!


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