Friday, 22 July 2016

Gold Forecast – 23 July

Gold Rebound of Weekly S1 Support (1313) & Makes Bullish Englufine Candle for the Day. We are looking for Swing Long Position near 1320-24 by Placing stop below yesterday's Low (1310). weekly Opening Range High 1335 would be First Target. Daily Close > 1335 shift focus on 1345 (weekly pivot) & 1358 (Brexit high). Ultimate target would be 1380 (38.2 % Retrenchment from 2011 High )  & 1400 Psychological Round Number.

GOLD Long Setup

On the Flip Side Break Lower Shift focus on 1303 (Weekly 200sma) & 1295 (Monthly Pivot) for Support.

Originally published at : Gold Forecast – 23 July

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