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 July 03, 2015

Technical outlook and chart setups:

Gold dropped lower towards $1,156.00 before pulling sharply back into $1,170.00. As we can see here, the metal is trading around $1,166.00/67.00, which is also converging with the past support turned resistance and a fibonacci 0.382 resistance of the drop from $1,188.00 to $1,156.00 levels respectively. A bearish reversal would warrant a re-test of $1,156.00 here, while a break over the resistance line would challenge $1,180.00. It is recommended to remain long on positions taken earlier with risk at $1,150.00 but initiate fresh positions only after a break of $1,180.00. Immediate support is seen at $1,150.00 and lower while resistance is seen at $1,180.00.

Trading recommendations:

Remain long for now, stop is at $1,150.00, a target is open.

Good luck!

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