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 January 07, 2016

Technical outlook and chart setups:

Gold has hit the first minimum expectations at the $1,102.00 levels today. The metal is now expected to retrace lower at least towards the $1,085.00 levels before heading towards $1,125.00 and $1,136.00. It is hence recommended to take partial profits on long positions taken earlier and wait for a dip to re-enter again. Immediate support for the metal is seen at the $1,085.00 levels, while resistance is now seen at $1,025.00 and $1,036.00. Please also note that the past resistance turned into support is also around the $1,080.00/85.00 levels. Bulls seem to be poised to push gold prices to $1,136.00 at least before reversing.

Trading recommendations:

Fix profits on long positions taken earlier. Look to buy again around $1,085.00.

Good luck!

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