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*

Gold technical analysis for August 31, 2015

Gold price holds above the important short-term bullish trend support level of $1,115. The price bounced towards $1,138, but buyers were not strong enough. Medium-term trend remains bullish with next big resistance at $1,150.

goldh4.jpg

Gold price is above the 61.8% retracement, but below the Ichimoku cloud. Resistance is seen at $1,138-40. Breaking above this level will push the price towards $1,150. Bulls will need to break above the cloud resistance at $1,150.

goldd.jpg

The weekly chart closed right on the tenkan-sen support level on Friday saving the day for bulls. Bulls gave a bullish signal as the bounce from the support area could push the price towards the recent top at $1,170. The level of $1,200 could be reached only if we break above $1,170. As long as the price is above $1,115, bulls will have the upper hand.

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