First level of support is $1,127, S2 is $1,105 S3 is $1,081. Below $1,073 we would probably be witnessing the FED raising rates.
Chart: XAUUSD H1
Monday, November 2, 2015
Gold Below $1,140
The precious metal is trading lower in today's early European session. Partly the reason for Gold depreciating is the major loss it posted last week. The momentum is still present and Gold went below $1,140 for the first time since October 8th.
First level of support is $1,127, S2 is $1,105 S3 is $1,081. Below $1,073 we would probably be witnessing the FED raising rates.
Chart: XAUUSD H1
First level of support is $1,127, S2 is $1,105 S3 is $1,081. Below $1,073 we would probably be witnessing the FED raising rates.
Chart: XAUUSD H1
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Gold price continue falling, 1120 is the level to watch.
ReplyDeleteThe bearish trend continues.
ReplyDeleteThank you for this analysis, will keep it in mind!
ReplyDeleteGood point, I'll be watching.
ReplyDeleteInteresting analysis, thank you.
ReplyDeleteExcellent analysis.
ReplyDelete