The metal has been making minor support at the $1,276 level for the fourth trading session at a row. Hope today it will move higher initially to the $1,285-$1,286 levels. The metal has been consolidating for the last 3 trading days. The metal had an initial resistance level at $1,284.50 (200DSma). A daily closure above $1,284.50 will take the metal towards $1,291 and $1,295 easily.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Intraday analysis of Gold for August 26, 2014 . Thanks for your support on Intraday analysis of Gold for August 26, 2014
No comments:
Post a Comment