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 March 31, 2015

GOLDDaily31.png


GOLDH431.png


Overview :


Since our last analysis, gold has been trading downwards. As we expected, the price has tested the level of $1,178.30 in a high volume. Accoridng to the daily time frame, we can observe supply in a volume below the average (weak supply). I have placed Fiobonacci retracement to find potential support levels. I have got Fibonacci retracement 38.2% at the price of $1,190.00 (already broken) and Fibonacci retracement 61.8% at the price of $1,172.00. Anyway, be careful when selling gold at this stage since we have a weak supply in the background.


Daily Fibonacci pivot points:


Resistance levels :


R1: 1,195.68


R2: 1,199.78


R3: 1,206.43


Support levels :


S1: 1,182.38


S2: 1,178.28


S3: 1,171.60


Trading recommendations: Be careful when selling gold at this stage since we have a weak supply in the background.




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