Technical Analysis of GBP/USD for November 14, 2014 Market Analysis Review

The pound extends its fall, hitting a 14-month low against the US dollar. The cable lost its ground at 1.5850 and fell almost 180 pips. We recommended selling below 1.5870 on Monday and again recommended below the 1.5760 levels. The cable made a low at 1.5678 as of now, in today's session. We have minted good money of 170 pips as of now this week. We still recommend the same selling theme with the targets at 1.5617 and 1.5506. In case if the cable breaks below 1.5500, then we will reanalyze the charts and will update them for the new lower targets. The cable breaks below the 61.80 fib level in the monthly chart. The monthly resistance exists at 1.6022. The intra week resistance exists at 1.5855. Today, traders are focused on the construction output data, US core retail sales, and consumer sentiment data. The US dollars looks firm after the soft unemployment data. In case if the US dollar looks strong, then the cable will easily slip towards 1.5620 levels. The theme on cable is sell on every rise with the target at 1.5500.

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Daily analysis of USDX for November 14, 2014 Market Analysis Review

On the daily chart, the USDX has had no significant changes in the current trend. For now, the USDX remains above the support level of 87.35, where this instrument is forming a bullish pattern. The next upside target on the road, it would be the resistance level of 88.63. However, the USDX could make a breakout at the support level of 87.35 and fall to the level of 86.20.

Dailychart's resistance levels: 88.63 / 90.40

Dailychart's support levels: 87.35 / 86.20

The USDX could not overcome the resistance offered by the level of 87.86 on the H1 chart. However, the USDX is trying to enhance a breakout at that level for up to the resistance level of 88.15. In the short term, the USDX is very close to the 200-day moving average. The MACD indicator remains in the neutral territory.

H1 chart's resistance levels: 87.86 / 88.15

H1 chart's support levels: 87.58 / 87.28

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 87.86, take profit is at 88.15, and stop loss is at 87.56.

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Daily analysis of GBP/USD for November 14, 2014 Market Analysis Review

The GBP/USD pair continues to weaken to the support level of 1.5698, where this pair is starting to form a bearish pattern, where also a bullish trend line is based one. If this pair makes a rebound at the current levels and takes a retracement, it's expected to rise to the resistance level of 1.5811. On the other hand, if the GBP/USD pair does a breakout at that support level, the next target would be the level of 1.5512 in the medium term. The MACD indicator remains in the negative territory.

H4 chart's resistance levels: 1.5811 / 1.5874

H4chart's support levels: 1.5698 / 1.5512

On the H1 chart, the GBP/USD pair is forming a bearish pattern, because this pair made a successful breakout at the level of 1.5739. Now, the pair finds support at the 1.5686 level. If this pair manages to consolidate below that level, the next target would be set at the level of 1.5632 in the short term. The MACD remains in the neutral territory.

H1 chart's resistance levels: 1.5739 / 1.5810

H1 chart's support levels: 1.5686 / 1.5632

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5686, take profit is at 1.5632, and stop loss is at 1.5739.

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Technical analysis of Silver for November 14, 2014 Market Analysis Review

Technical outlook and chart setups:

Silver has dropped towards $25.30 levels for now. Please note that the current levels is the fibonacci 0.618 support of the rally from $15.00 to $15.80 levels last week. A bullish reversal here would warrant a bullish setup against $15.00. It is recommended to remain long for now, and also look to add positions on a bullish bounce at these levels, risk remains just below $15.00. Interim support is seen at $15.00, followed by $4.60 while resistance is seen at $16.20, followed by $17.50, $17.80/18.00 and higher respectively. Bills to regain control till prices stay above the $15.00 mark.

Trading recommendations:

Remain long, stop at $14.75, target is open.

Good luck!

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Technical analysis of EUR/JPY for November 14, 2014 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY prints another high at 144.83 levels for now. The pair fails to break lower for now and 143.50 is interim support for bulls to remain in control. The pair looks to be stretched out and a correction should be due any time. Resistance is seen at 145.00/50 levels, while support is at 143.50, followed by 142.00 and lower respectively. Please note that both the support trend lines remain intact for now. A break below the recent trend line and subsequently 143.50 could indicate that a potential intermediary top is in place at 144.80 levels and that the pair could drift lower towards the larger trend line support into the 139.00/140.00 region.

Trading recommendations:

Remain short for now, stop at 145.10 target is 139.00/140.00.

Good luck!

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Technical analysis of EUR/USD for November 14, 2014 Market Analysis Review

When the European market opens, some economic news will be released such as French Prelim GDP q/q, German Prelim GDP q/q, French Prelim Non-Farm Payrolls q/q, Italian Prelim GDP q/q, Final CPI y/y, Flash GDP q/q, Final Core CPI y/y.The US will release economic data too such as the Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m, Mortgage Delinquencies, Natural Gas Storage, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2525.

Strong Resistance:1.2517.

Original Resistance: 1.2505.

Inner Sell Area: 1.2493.

Target Inner Area: 1.2462.

Inner Buy Area: 1.2432.

Original Support: 1.2420.

Strong Support: 1.2408.

Breakout SELL Level: 1.2400.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. The material has been provided by InstaForex Company - www.instaforex.com



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USDCAD Daily Analysis - November 14, 2014 Forex Analysis

USDCAD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.1466 had completed at 1.1281 already. Further rise to test 1.1466 resistance could be seen, a break above this level will signal resumption of the longer term uptrend from 1.1121, then next target would be at 1.1600 area.

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USDCHF Daily Analysis - November 14, 2014 Forex Analysis

USDCHF moved sideways in a range between 0.9580 and 0.9739. As long as 0.9580 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.9370, further rise to 0.9900 area is still possible after consolidation. On the downside, a breakdown below 0.9580 support will signal completion of the uptrend, then deeper decline to 0.9450 area could be seen.

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USDJPY Daily Analysis - November 14, 2014 Forex Analysis

USDJPY's upward movement extended to as high as 116.19. Further rise could be expected, and next target would be at 1.1700 area. Support is at 113.86, only break below this level could signal completion of the uptrend, then the following downward movement could bring price to 112.00 area.

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AUDUSD Daily Analysis - November 14, 2014 Forex Analysis

AUDUSD remains in uptrend from 0.8540, the fall from 0.8764 would possibly be consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.8800 area. On the downside, a clear break below the trend line support will indicate that the uptrend had completed at 0.8764 already, then the following downward movement could bring price to 0.8400 zone.

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GBPUSD Daily Analysis - November 14, 2014 Forex Analysis

GBPUSD's downward movement from 1.6182 extended to as low as 1.5677. Further decline could be expected, and next target would be at 1.5500 area. Resistance is now located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

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EURUSD Daily Analysis - November 14, 2014 Forex Analysis

EURUSD is testing the resistance of the downward price channel on 4-hour chart. As long as the channel resistance holds, the rise from 1.2358 could be treated as consolidation of the downtrend from 1.2867, another fall to 1.2200 area is still possible. Key resistance is at 1.2508, only break above this level will signal completion of the downtrend.

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Technical analysis of USD/JPY for November 13, 2014 Market Analysis Review

Fundamental overview:

USD/JPY is expected to consolidate. It is underpinned by the negative yen sentiment as speculation persists that Prime Minister Abe might call a snap election and delay a second sales tax increase despite Chief Cabinet Secretary Suga's denial Wednesday. USD/JPY is also supported by the higher U.S. Treasury yields (10-year at 2.371% versus 2.359% late Monday), demand from Japan's importers and ultra-loose Bank of Japan's monetary policy. But USD/JPY gains are tempered by the Japan exporter sales, diminished investor risk appetite (VIX fear gauge edged up 0.77% to 13.02) as U.S. stocks closed mixed overnight (S&P 500 slipped 0.07%: Nasdaq gained 0.31%). Daily chart is still positive-biased as MACD is bullish, stochastics stays elevated at overbought levels, 5 and 15-day moving averages are advancing.

Technical comment:

Daily chart is positive-biased as MACD is bullish, stochastics stays elevated in the overbought zone, 5 and 15-day moving averages are advancing.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 116.25 and the second target at 116.90. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 114.20. A break of this target would push the pair further downwards and one may expect the second target at 113.80. The pivot point is at 114.65.

Resistance levels:

116.25

116.90

117.35

Support levels:

114.20

113.80

113

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Technical analysis of USD/CHF for November 13, 2014 Market Analysis Review

Fundamental overview:

USD/CHF is expected to consolidate with a bullish bias. It is supported by contagion from weak EUR on CHF; dovish Swiss National Bank's monetary policy; franc sales on soft AUD/CHF and NZD/CHF crosses. But USD/CHF gains are tempered by the franc demand on weak GBP/CHF and EUR/CHF crosses. Daily chart mixed as MACD bullish, but stochastics falling from overbought levels.

Technical comments:

Daily chart mixed as MACD bullish, but stochastics falling from overbought levels.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.97 and the second target at 0.9740. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9580. A break of this target would push the pair further downwards and one may expect the second target at 0.9540. The pivot point is at 0.9610.

Resistance levels:

0.97

0.9740

0.9775

Support levels:

0.9580

0.9540

0.95

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Technical analysis of NZD/USD for November 13, 2014 Market Analysis Review

Fundamental overview:

NZD/USD is expected to consolidate with a bullish bias after hitting a two-week high 0.7905 on Wednesday. It is underpinned by the Kiwi demand on soft GBP/NZD, EUR/NZD and AUD/NZD crosses; and on buoyant NZD/JPY, NZD/CHF crosses. NZD/USD is also supported by NZD-USD interest differential. But NZD/USD gains are tempered by the decreased investor risk appetite.

Technical comment:
Daily chart positive-biased as MACD and stochastics are bullish, five-day moving average is rising above 15-day moving average.

Trading recommendations:
The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.7945 and the second target at 0.7965. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.7805. A break of this target would push the pair further downwards and one may expect the second target at 0.7770. The pivot point is at 0.7850.

Resistance levels:

0.7945

0.7980

0.8

Support levels:

0.7805

0.7770

0.7750

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Technical analysis of GBP/JPY for November 13, 2014 Market Analysis Review

Fundamental overview:

GBP/JPY is expected to consolidate with risks skewed lower. It is undermined by the weaker EUR sentiment, diminished investor risk appetite and Japan's export sales. Sterling was hurt after Bank of England, in its latest quarterly inflation report on Wednesday, cut its forecast for annual growth in 2015 to 2.9% from 3.1% in August and its forecast for 2016 to 2.6% from 2.8%. BOE also said "inflation is more likely than not to fall temporarily below 1% at some point over the next six months," signaling it is unlikely to raise interest rates until the second half of next year. But GBP/JPY losses tempered by demand from Japan importers.

Technical comment:

Daily chart is mixed as MACD indicator is bullish, slow stochastic measure stays elevated at overbought levels, five and 15-day moving averages are advancing but bearish dark-cloud-cover candlestick pattern was completed on Wednesday.

Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is recommended with the first target at 181.05. A break of this target will move the pair further downwards to 180.05. The pivot point stands at 182.80. In case the price moves in the opposite direction and bounces back from the support level, then it will move above its pivot point. It is likely to move further to the upside. In that scenario, a long position is recommended with the first target at 183.35 and the second target at 183.95.

Resistance levels:

183.35

183.95

184.75

Support levels:

181.05

180.75

180.06

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Elliott wave analysis of EUR/NZD for November 13 - 2014 Market Analysis Review

Today's support and resistance levels:

R3: 1.5853

R2: 1.5817

R1: 1.5796

Current spot: 1.5745

S1: 1.5723

S2: 1.5717

S3: 1.5680

Technical summary:

The diagonal support-line should be tested soon. We will be looking for support near 1.5717, which ideally will protect the downside for a break above minor resistance at 1.5796 and more importantly a break above resistance at 1.5853, which will be the first good indication that wave 4 is over and wave 5 higher towards 1.6446 and ideally closer to 1.6800 is unfolding. Even if support at 1.5717 is broken, it will take a break below important support at 1.5526 to invalidate the diagonal count.

Trading recommendation:

We will buy EUR at 1.5720 with a stop at 1.5520.

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EUR/NZD analysis for November 13, 2014 Market Analysis Review

Overview:

In our last analysis, EUR/NZD has been trading downwards. As we expected, the price was tested from the level of 1.5720. According to the daily time frame, we can observe strong supply on the market in a volume above average, which is a sign that buying EUR/NZD looks risky. Our Fibonacci expansion 100% at the price of 1.5800 is broken, so we may see possible testing the level of 1.5520 (Fibonacci expansion 161.8%). If the price breaks the level of 1.5800 in a high volume, we may see possible testing the level of 1.5520 (Fibonacci expansion 161.8%), Anyway, if we see larger reaction from buyers around the level of 1.5800, a bullish corrective phase will be possible.

Daily Fibonacci pivot levels:

Resistance levels:

R1: 1.5930

R2: 1.5982

R3: 1.6068

Support levels:

S1: 1.5759

S2: 1.5707

S3: 1.5622

Trading recommendations: Be careful when buying EUR/NZD since our Fibonacci expansion 100% got broken

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Gold : analysis for November 13, 2014 Market Analysis Review

Overview :

Since our last analysis, gold has been trading sideways around the price of 1,161.00. I have placed Fibonacci expansion from the most recent swings to find potential support levels. I got Fibonacci expansion 61.8% at the price of 1.153.00 (successful held). According to the 4H time frame, we can observe strong reaction from buyers (buying climax) around the level of 1,153.00. Be careful when selling gold and watch for potential buying opportunities. If the price breaks the level of 1,179.00 in a high volume and strong price action, we may see possible testing the level of 1,207.00.

Daily pivot Fibonacci points:

Resistance levels:

R1:1,166.60

R2: 1,169.64

R3: 1,174.57

Support levels:

S1: 1,156.74

S2: 1,153.70

S3: 1,148.77

Trading recommendations: Selling gold at this stage looks risky since we got strong rejection from Fibonacci expansion 61.8%.

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Intraday technical levels and trading recommendations for GBP/USD for November 13, 2014 Market Analysis Review

Previously around 61.8% - 50% Fibonacci levels depicted on the chart, obvious bearish pressure was expressed. A short position was suggested then and it got triggered few days later. The market successfully pushed below 1.6100 shortly after.

Bullish recovery was expressed off price levels of 1.5940 and 1.5880. Bullish engulfing daily candlesticks emerging off these levels are depicted on the chart.

On the other hand, the price zone of 1.6100-1.6140 constituted a prominent SUPPLY zone. Since then, the pair has been moving sideways with some bearish tendency.

Despite the bullish breakout off the depicted bearish channel on the daily chart, bulls have failed to fixate above price levels of 1.5870 and 1.5945.

Instead, daily fixation below 1.5870 ( Note Yesterday's full body bearish daily candlestick ) put further bearish pressure on the pair to reach 1.5780 then 1.5700 where bullish recovery should be anticipated.

4H chart reveals long period of downside movement roughly maintained within the limits of the depicted channel.

Two weeks ago, bulls managed to push beyond the upper limit of the channel. However, the GBP/USD pair was trapped between the backside of the channel (1.5860) and price level of 1.6140.

Yesterday, bears managed to break below the recent low around 1.5790. This exposes a potential target at 1.5700 where the backside of the broken channel is roughly located.

On the other hand, bullish fixation above 1.5830 and 1.5870 is needed to pause the ongoing bearish momentum.

It's advisable for conservative traders to wait for further price action near 1.5800-1.5820.

Be careful the current bearish movement maybe a bearish trap.

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Technical analysis of AUD/USD for November 13, 2014 Market Analysis Review

Overview :

• According to the previous events, the price of AUD/USD has still moved between the levels of 0.8768 and 0.8725. The levels of 0.8768 and 0.8725 coincide with the 61.8% of Fibonacci retracement levels and 50% respectively. Therefore, the first step is to wait for a period of tight sideways market before breakouts. Then, probably, the market is going to start showing bullish signs. In other words, it will be a good sign to buy above 0.8730 with the first target at 0.8770 and the price will climb towards 0.8829. However, if the pair fails to break 0.8770, the market will indicate a bearish opportunity below it, then the level will really act as strong resistance. For that, it wil be a good sign to sell below the 61.8% of Fibonacci retracement (0.8769) with the first target at 0.8740 and it will call for a downtrend in order to continue bearish movement towards 0.8720.

Intraday technical levels:

Date and Time:13/11/2014 12:34

Pair:AUD/USD

• R3: 0.8828


• R2: 0.8786


• R1: 0.8749


• PP: 0.8707


• S1: 0.8670


• S2: 0.8628


• S3: 0.8591

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Technical analysis of USD/CAD for November 13, 2014 Market Analysis Review

Overview :

• Resistances of the USD/CAD pair are set at the level of 1.1466, 1.1395, and 1.1341. Also, it should be noted that the double tops had already been placed at the peak price of 1.1466. Consequently, bears are going to sell below above-mentioned resistances because the trend is going to move between the levels of 1.1365 and 1.1241. So, we should be aware that resistance is set at the level of 1.1340. Therefore, swing trade at the area of 1.1340-1.1315 in order to sell with the target of 1.1300 (the key price) is favorite. It might resume to 1.1240 to retest support in H4 chart. Additionally, the trend will call for a bearish market at the level of 1.1300 in case of breaking this level because there is a bearish channel. It might be informing that the stop loss should never exceed your maximum exposure amounts. Thus, set stop loss above 1.1466. However, the bulls are going to buy above 1.1240 in a short term (61.8% Fibonacci retracement levels) with the first target of 1.1272, it might resume towards 1.1300. In the long term, if the market calls for bearish sentiment, then the price will form a double bottom at the level of 1.1224.

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#USDX Technical analysis for November 13, 2014 Market Analysis Review

The Dollar index is making a sideways triangle consolidation. It is more probable to see a break to the upside and a new higher high. The index remains in a bullish longer-term trend and has formed a bullish flag that targets 91.

The Dollar index remains inside the upward sloping black channel and is forming a sideways triangle consolidation. The fact that the index is still above the Ichimoku cloud increases the chances of seeing an upward break out rather than a downward break. Resistance is at 88 and if broken we should at least see 88.65 if not higher. Support at 87.60 is critical because if we break it we could see a move lower towards 86.50.

Blue lines= weekly support levels

The Dollar index as shown above in the weekly chart is following the bullish flag pattern we have noted a couple weeks back. Weekly support is at 86.10. If broken we will push lower towards 84. I believe that if the index reverses lower it will most probably make a bottom around 86 and not move lower towards 84. I remain longer-term bullish and pay close attention to the triangle formation. Triangle formations are usually seen at the end of trends, so the expected new high might reverse any time. Bulls need to be extra cautious if 87.60 breaks.

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Gold Technical analysis for November 13, 2014 Market Analysis Review

Gold price reversed lower on Wednesday towards $1,153 support after breaking short-term support level of $1,159. Short-term trend has changed to bearish as long as price is below $1,171. Next support to watch is at $1,153 and $1,146. Longer-term target of $1,050 remains valid.

Gold price has made the minimum required upward correction after completing the decline from $1,255 to $1,130. The 38% retracement was reached. Gold price got rejetected at the Ichimoku cloud and this is a bearish sign. However, since price is still inside the cloud bulls are slightly protected. If price falls below the cloud at $1,146 then the bearish trend will get confirmation and Gold price will probably make a new low towards $1,110.

Red line= resistance

Blue line= support

Short-term resistance is at $1,170 and short-term support at $1,153 and $1,146. Breaking below the two support levels will push the Gold price towards at least $1,110. If resistance is broken, then there is a high probability we see another Gold price spike towards $1,190. My longer-term view remains bearish.

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Technical analysis of EUR/JPY for November 13, 2014 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair is carving a lower top ahead of 144.60 levels as seen here. It is recommended to initiate short positions now (144.06/10), risk remains at 145.00 levels. Resistance is seen at 144.60 (interim), followed by 145.50, while support is seen at 142.00, followed by 140.00 and lower respectively. Please note that the pair is in a retracement mode and it could potentially drop into 139.00/140.00 levels at least before resuming rally. Considering the entire rally from 134.00 levels, potential remains for a 3 wave correction into the 138.50 levels as well.

Trading recommendations:

Initiate short positions now (144.06/10), stop 145.00, the target is open.

Good luck!

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Technical analysis of GBP/CHF for November 13, 2014 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair finally breaks below the 1.5300 mark as it has been discussed earlier. The pair is testing lows at the 1.5200 levels for now. Support is seen at the 1.5120 levels, followed by 1.4975 and lower while resistance is seen at 1.5450/75, followed by the 1.5550 levels respectively. It is recommended to book partial profits on short positions and also reduce risk to break even levels. A break below 1.5200 now, would see 1.5050 levels soon enough. On the flip side, a break above 1.5400/50 levels from here, would confirm that a low is in place and that bulls are back in control.

Trading recommendations:

Book 50% profits on short positions, and move stop to break even levels. The target is open.

Good luck!

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Technical analysis of Silver for November 13, 2014 Market Analysis Review

Technical outlook and chart setups:

Silver has been in a range since yesterday, between $15.55 and $15.75. Resistance is seen at $15.90/16.00, followed by $16.20/40, $17.80/18.00 and higher while support is seen at $15.20/30, followed by $15,00 and lower respectively. A push is required through $16.00 levels to instill further confidence into the upswing. Minimum possibilities remain at $16.40 levels, which is also converging with the fibonacci 0.618 resistance of the fall between $17.30 and $15.00. On the flip side, a break below $15.20 and subsequently $15.00 could be considered to be extremely bearish.

Trading recommendations:

Remain long, stop at $14.75, the target is at least $16.40.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of Silver for November 13, 2014 . Thanks for your support.

Technical analysis of Gold for November 13, 2014 Market Analysis Review

Technical outlook and chart setups:

Gold has remained locked in a tight range for the last 24 hours. The metal had bounced off $1,145.00/50.00 levels earlier, indicating that a further push higher remains a possibility. It still needs to clear through $1,180.00 levels, to confirm a $1,207.00 possibility on the higher side. It is recommended to remain long for now, with risk at $1,140.00. Resistance is $1,180.00 (interim), followed by $1,207.00 (fibonacci 0.618), $1,235.00 and higher, while support is seen at $1,145: (interim), followed by $1,130.00 and lower respectively. A break higher from $1,180.00 is required to confirm that bulls are going to stay in control for a while.

Trading recommendations:

Remain long, stop is at at $1,140.00, the target is at $1,207.00.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of Gold for November 13, 2014 . Thanks for your support.