Online:
Visits:
Stories:
Profile image
By FXTechstrategy Team
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

GOLD: Bearish, Sells Off.

Thursday, September 12, 2013 15:26
% of readers think this story is Fact. Add your two cents.

(Before It's News)

GOLD: With continued weakness seeing GOLD violating the 1,348.00 level on Thursday, there is risk of further downside. Support stands at the 1,300.00 level and then the 1,272.12 level. A turn below here will turn attention to the 1,250.00 level and next the 1,215.00 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, the commodity will have to return above the 1,348.00 level to reduce its downside pressure. This if seen will open the4 door for a run at the 1,433 level. Further out, resistance resides at the 1,450.00 level, its psycho level. A cut through here will aim at the 1,500.00 level, its psycho level.. All in all, GOLD remains biased to the downside short term.

Trusted by 3,000+ Traders, FXTechstrategy Forex Research Helps You Make Better Trading Decisions Everyday Starts as low as $30/month.Plans    



Source: http://blog.fxtechstrategy.com/2013/09/gold-bearish-sells-off.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.