Gold – Weekly Forecast 05-09 Aug 2013

gold _ usd

The gold maintained some bullish momentum last Friday, topped at 1319 and bottomed at 1283 levels, now pressure will be on the key resistance 1319, the GOLD will have to hold above the 1319 levels on a daily closing basis to push the market for further upside gains, If seen it will target the 1347 levels, around this level we might see a halt, but a breach will turn the focus on 1385 ahead of 1423 levels.

On the downside , a failure to hold above the 1319 levels , could mean a return to the 1283,  losing this will target the 1.270 levels, below 1270 will bring a free fall towards the 1233 levels ahead of 1209 levels.

MARKET DATA

UPCOMING ECONOMIC EVENTS

6 COMMENTS

  1. Hurrah! At last I got a weblog from where I know how to in fact obtain helpful data regarding my study and knowledge.|

  2. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why throw away your intelligence on just posting videos to your site when you could be giving us something enlightening to read?|

    • Interesting …..First of all, videos have nothing to do with my analysis, It’s just a world news from Reuters, when I added videos , I was thinking about adding something different…..but……. probably you are right…I don’t need all this………I’ll think about it…..I’m gonna take your words seriously….Thank you…

  3. Hello! I could possibly have sworn I’ve been to
    this web site before but after undergoing some of the articles I realized it’s unfamiliar with me.
    Anyways, I’m definitely pleased I discovered it and I’ll be book-marking it and checking back often!

Comments are closed.