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 analysis for July 18 , 2016

analytics578cb61e5882a.png

Since our previous analysis, gold has been trading sideways at the price of $1,325.35. According to the 30M time frame, I found weakness and that price is respecting the 21SMA, which is sign that buying looks risky. My advice is to watch for selling opportunities on the pullbacks. The first take profit level is set at the price of $1,320.00 (swing low). Anyway, if the price breaks the level of $1,320.00 in a high volume, we may see potential testing of $1,316.50. The trend is downward. So, I expect a downward continuation.

Daily Fibonacci pivot points:

Resistance levels:

R1: 1,336.75

R2: 1.338.60

R3: 1,341.60

Support levels:

S1: 1,330.70

S2: 1,328.85

S3: 1,325.80

Trading recommendations for today: Buying looks risky, watch for selling opportunities.

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