GOLD Daily forex post- US session August 15, 2014

GOLD Technical view

Updated:  August 15, 2014 14:01:15 GMT
SPOT GOLD Previous day OHLC
Open High Low Close Change
1312.36 1319.10 1308.69 1312.74 0.38
Today's Support and Resistance
Resistance
Support
R3 1334.00
R2 1331.00
R1 1320.00
S1 1305.00
S2 1300.00
S3 1290.00

Gold is sliding on Friday, after failing to breach key trendline resistances at $1320.00. Prices are trading below the psychological $1300.00 mark and the losses could widen anywhere between $1270.00- 1290.00 in the near term, before pausing

Trend direction

  • Short term: Bearish
  • Medium term: Bearish
  • Long term: Bearish

Trading Recommendations

  • Short:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
  • Long:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION