Elliott wave analysis of EUR/NZD for January 8, 2015 Market Analysis Review

Technical summary:

The decline have been even strong than we expected. This strong decline has forced us to evaluate the previous count and the new short-term count shows that blue wave iii is close to a bottom at 1.5153 form where we should expect a correction towards 1.5341 and maybe even slightly higher towards 1.5450 before blue wave v lower towards 1.5079 to end blue wave v and red wave iii. Once red wave iii is in place, we should be looking for flat correction in red wave iv. As red wave ii was strong correction that took back most of red wave i, the alternation principle tells to look for a shallow and flat red wave iv.

Trading recommendation:

We will book our profit from 1.5620 here at 1.5183 for a nice profit. We will then look for a new EUR selling opportunity near 1.5450.

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Elliott wave analysis of EUR/JPY for January 8, 2015 Market Analysis Review

Technical summary:

The minor correction from 140.56 is likely to end near 142.00 for the final decline towards the ideal target at 140.12, where the entire correction from 149.78 is expected to terminate. Once the low is in place, a new impulsive rally higher is expected to move above the 149.78 high. In the short term, only an unexpected rally above 142.97 will be the first strong indication that a bottom is already is in place.

Trading recommendation:

We will buy EUR at 140.25 with a stop at 139.60.

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Daily analysis of USDX for January 08, 2015 Market Analysis Review

The USDX continues to find solid support in the bullish trendline near the 91.95 level and now this instrument could rise to the resistance level of 92.62, which would be the next target on the upside road. On the other hand, if the USDX does a breakout at the support level of 91.62, it is expected to fall to the level of 91.17. The MACD indicator is entering neutral territory.

H4 chart's resistance levels: 92.62 / 93.45

H4chart's support levels: 91.62 / 91.17

On the H1 chart, the USDX is attempting a breakout at the 92.08 level, because during yesterday's session, the USDX made a false breakout in that area. The current price action is indicating that this instrument will still have strength to continue extending the bullish trend. However, we should trade with caution anyway.

H1 chart's resistance levels: 92.08 / 92.51

H1 chart's support levels: 91.66 / 91.24

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 92.08, take profit is at 92.51, and stop loss is at 91.66.

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Daily analysis of GBP/USD for January 08, 2015 Market Analysis Review

On the H4 chart, GBP/USD is forming a lower low pattern below the resistance level of 1.5148, but it is noteworthy that this pair has formed a fractal near the support level of 1.5017, which would be an indication of GBP/USD conducting a bullish retracement above the resistance level of 1.5148 in the coming hours.

H4 chart's resistance levels: 1.5148 / 1.5341

H4chart's support levels: 1.5017 / 1.4900

During the yesterday's session, GBP/USD made a successful breakout at the level of 1.5110. So far, the pair is preparing to try to form a bearish pattern to consolidate below the support level of 1.5074 and fall to the level of 1.5018. However, GBP/USD could form a double bottom pattern in that support level. So we should be cautious.

H1 chart's resistance levels: 1.5110 / 1.5146

H1 chart's support levels: 1.5074 / 1.5018

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 1.5074, take profit is at 1.5018, and stop loss is at 1.5131.

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Technical analysis of EUR/JPY for January 08, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair is poised to turn around from current levels around 141.50/60, and resume rally towards potential highs in the days to come. Please note that the pair has produced an engulfing bullish reversal signal around the fibonacci 50% support levels, just shy of 140.00 region. It is recommended to hold long positions taken yesterday. Risk remains at 139.50 for now. Immediate support is seen at 140.00, followed by 137.50 and lower, while resistance is seen at 145.00, followed by 147.00, 148.00 and higher respectively. Bulls should remain in control as long as prices stay above 140.00.

Trading recommendations:

Remain long, stop at 139.50, target is open.

Good luck!

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Technical analysis of GBP/CHF for January 08, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair seems to be poised to resume rally from here on (1.5320), after having bounced off the level of 1.5250 yesterday. The pair has been receiving support at the 1.5200/50 levels earlier. A push through 1.5400 would confirm that a bottom is in place at 1.5250 levels. It is recommended to remain long and also to look to add further if prices manage to reach 1.5200. Risk remains at 1.5150 for now. Immediate support is seen at 1.5200 levels, followed by 1.5100, 1.5000 and lower, while resistance is seen at 1.5400, followed by 1.5520 respectively. Bulls could be looking to push it higher towards 1.5620 levels now.

Trading recommendations:

Remain long, stop at 1.5140, target is open.

Good luck!

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Technical analysis of EUR/USD for January 08, 2015 Market Analysis Review

When the European market opens, some economic news will be released such as French 10-y Bond Auction, PPI m/m, Retail Sales m/m, and German Factory Orders m/m .The US will also unveil its Natural Gas Storage, Unemployment Claims, Challenger Job Cuts y/y, and Consumer Credit m/m data. So amid the reports, EUR/USD will move medium volatility during this day.

Today's technical levels:

Breakout BUY Level: 1.1895.

Strong Resistance:1.1888.

Original Resistance: 1.1877.

Inner Sell Area: 1.1866.

Target Inner Area: 1.1838.

Inner Buy Area: 1.1810.

Original Support: 1.1799.

Strong Support: 1.1788.

Breakout SELL Level: 1.1781.

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.

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Technical analysis of USD/JPY for January 08, 2015 Market Analysis Review

In Asia, Japan will not release any economic reports but the US will unveil its Natural Gas Storage, Unemployment Claims, Challenger Job Cuts y/y, and Consumer Credit m/m data. So there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

Today's technical levels:

Resistance. 3: 120.27.

Resistance. 2: 120.04.

Resistance. 1: 119.80.

Support. 1: 119.51.

Support. 2: 119.27.

Support. 3: 119.04.

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.

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Technical analysis of silver for January 08, 2015 Market Analysis Review

Technical outlook and chart setups:

Silver might be looking to dip toward $16.00 and $15.80/80 levels again before rallying further up. It is therefore recommended to book profits on long positions taken earlier and wait for lower levels to enter long again. Immediate support is seen at $16.00 levels, followed by $15.90, $15.50 and lower while resistance is seen at $17.40/50, followed by $17.80/18.00 and higher respectively. Please note that the structure might still unfold as an inverted head and shoulder reversal, with $15.50 being carved out as the right shoulder. Bulls should remain in control till prices stay above $15.50 levels at least. $15.90 is seen as next support for now.

Trading recommendations:

Book profits on long positions taken earlier and remain flat for now.

Good luck!

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Technical analysis of gold for January 08, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold seems to be preparing to correct deeper into $1,200.00 and subsequently $1,185.00 levels for now. It is therefore recommended to book partial or full profits on long positions taken earlier and wait for correction to finish before entering again. Immediate support is seen at $1,200.00 followed by $1,189.00, $1,170.00 and lower, while resistance is seen at $1,238.00/40, $1,250.00 and higher respectively. Bulls are poised to remain in control as long as prices stay above $1,170.00 levels, but a break below the trend line would delay matters further.

Trading recommendations:

Book profits on long positions taken earlier, remain flat for now.

Good luck!

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Daily analysis of major pairs for January 8, 2015 Market Analysis Review

EUR/USD: This pair touched the resistance line at 1.1850 and closed below it. It is now going towards the support line at 1.1800, which is the next target for today. The aforementioned resistance line (including the one at 1.1900) should defend the bears against any bullish attacks on the way.

USD/CHF: The USD/CHF was able to reach the resistance level at 1.0150, currently battering it. The resistance level would be breached to the upside, as the price goes towards another resistance level at 1.0200. In addition, strong fundamental figures are expected today and they would have impact on the markets.

GBP/USD: This is a bear market which has dropped by roughly 230 pips this week. The price is now below the distribution territory at 1.5100, going towards the accumulation territory at 1.5050. The probability of further downward movement is supported by the Bearish Confirmation Pattern in the chart.

USD/JPY: Handling this currency trading instrument now requires a different tack. The outlook is bearish, but the bulls are still flexing their muscles. A break above the supply level at 120.00 would signal the return of the buying pressure; while a break below the demand level at 118.00 would mean the strengthening of the selling pressure.

EUR/JPY: This is strong bear market. The price is below the EMA 11, which in turn is below the EMA 56. The RSI period 14 is below the level 50. Though the price is currently consolidating, the southward journey could resume.

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USDCAD Daily Analysis - January 8, 2015 Forex Analysis

USDCAD's upward movement from 1.1156 extended to as high as 1.1873. Further rise could be expected, and next target would be at 1.2000 area. Support is at 1.1730, only break below this level will indicate that the uptrend is complete, then deeper decline to 1.1600 area could be seen.

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USDCHF Daily Analysis - January 8, 2015 Forex Analysis

USDCHF's upward movement from 0.9553 extended to as high as 1.0175. Further rise could be expected, and next target would be at 1.0300 area. Support is at 1.0000, only break below this level could signal completion of the uptrend.

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USDJPY Daily Analysis - January 8, 2015 Forex Analysis

USDJPY moved sideways in a trading range between 118.05 and 120.82. As long as 118.05 support holds, the price action in the range could be treated as consolidation of the uptrend. Resistance is at 120.82, a break of this level will indicate that the uptrend has resumed, then next target would be at 1.2500 area. However, a breakdown below 118.05 support will indicate that the uptrend had completed at 120.82 already, then deeper decline to 115.00 area could be seen.

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AUDUSD Daily Analysis - January 8, 2015 Forex Analysis

AUDUSD remains in downtrend from 0.8795 (Nov 17, 2014 high), the price action in the trading range between 0.8035 and 0.8214 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 0.7800 area. Key resistance is at 0.8214, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - January 8, 2015 Forex Analysis

GBPUSD remains in downtrend from 1.5785, further decline could be expected after a minor consolidation, and next target would be at 1.4900 area. Resistance is at 1.5300, only break above this level could signal completion of the downtrend.

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EURUSD Daily Analysis - January 8, 2015 Forex Analysis

EURUSD continued its downward movement from 1.2569, and the fall extended to as low as 1.1801. Further decline could be expected, and next target would be at 1.1500 area. Resistance is at 1.2000, only break above this level could signal completion of the downtrend.

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Analysis of EUR/NZD for January 07, 2014 Market Analysis Review

Overview:

In our last analysis, EUR/NZD was trading downwards. As we expected, the price tested the level of 1.5265 in a high volume. According to the H4 time frame, we can can observe supply in a volume above the average, which is a sign that buying EUR/NZD looks risky. Our Fibonacci expansion 100% at the price of 1.5400 got broken so we may see potential testing of the level of 1.4950 (Fibonacci expansion 161.8%). Be careful when buying and watch for potential selling opportunities after retracement.

Daily Fibonacci pivot levels:

Resistance levels:

R1: 1.5472

R2: 1.5530

R3: 1.5623

Support levels:

S1: 1.5285

S2: 1.5227

S3: 1.5133

Trading recommendations: Be careful when buying the EUR/NZD pair at this stage, since we can observe strong supply in the background.

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Analysis of gold for January 07, 2014 Market Analysis Review

Overview :

Since our last analysis, gold has been trading sideways around the price of 1,214.00. According to the 4H time frame, we can observe demand in an ultra-high volume (buying climax) in the background, which is a sign that buying gold at this stage looks risky. Our Fibonacci retracement 61.8% at the price of 1,211.00 is broken so we may expect testing of the level of 1,237.00 (swing high like resistance). According to the 1H time frame, we can observe bearish harami candle formation, which is a sign of temporally lack of demand. Anyway, my advice is to watch for potential buying opportunities on the lows.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,223.06

R2: 1,228.18

R3: 1,236.47

Support levels:

S1: 1,206.48

S2: 1,201.36

S3: 1,193.07

Trading recommendations: Watch for potential buying opportunities after retracement (buy on the lows).

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Technical analysis of AUD/USD for January 7, 2015 Market Analysis Review

Overview :

• According to the previous events, the price of the AUD/USD pair is still trading between the levels of 0.8060 and 0.8103. Moreover, it should be noted that the market was quite stable and the downward trend was also evident. Futhermore, in the same way, the range will be around 158 pips this week. Additionally, the value of 38.2% Fibonacci retracement levels is 0.8103 so the key level of 0.8103 is available for a downtrend to confirm the bearish market. Therefore, sell deals are recommended below the 0.8103 level with targets at 0.8077; it will resume towards 0.8056 in order to test the weekly support 1. It should be noted the descending movement will probably be lower than 0.8056 level to test the double bottom at the level of 0.8035.

Intraday technical levels:

Date and time: 7/01/2015 12:20

Pair: AUD/USD

• R3: 0.8219


• R2: 0.8188


• R1: 0.8132


• PP: 0.8101


• S1: 0.8045


• S2: 0.8014


• S3: 0.7958

Note:

• Please check out the market volatility before investing, because the sight price may have already been reached and the scenarios would become invalidate.

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Technical analysis of EUR/USD for January 7, 2015 Market Analysis Review

Overview :

• According to the previous events, the price of the EUR/USD pair is going to move between the levels of 1.1890 and 1.1740 this week.


• Resistance has already set at the level of 1.1956 (minor resistance sets at the level of 1.1890) and support stood at 1.1740.


• But currently, support is placed at 1.1813.


• So, we expect a range about 150 pips (1.1890 - 1.1740) this week.


• Additionally, it should be noted that if the trend is ascending, then the strength of the currency will be defined as follows: EUR is in the uptrend and USD is in the downtrend. The downward trend is still strong so the pair will probably go down.


• Therefore, it will be of the insight to sell in this area (1.1740) with the first target at 1.1813, then the price will be able to continue in the downtrend towards 1.1740 in order to try to break the weekly support 3.


• On the other hand, the stop losses should be placed above the double top 1.1975.

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Technical analysis of EUR/JPY for January 7, 2015 Market Analysis Review

General overview for 07/01/2015 11:30 CET

The wave (c) blue has extended the drop a little bit further to hit the weekly support at the level of 140.54. Nevertheless, the outlook for the pair is still bullish and currently the bullish divergence is supporting the view that this corrective drop is near to finish and further upward rally is about to unfold. Please note that the key level to the upside is now at the level of 141.67. A breakout above this intraday resistance would be the first clue that the bullish impulsive structure is in progress. But to further confirm this scenario, the price must break out above the level of 143.17.

Support/Resistance:

140.54 - WS2

141.65 - Intraday Resistance

141.95 - WS1

143.18 - Intraday Resistance

144.10 - 144.42 - Gap Zone

144.58 - Weekly Pivot

145.57 - Technical Resistance

146.22 - WR1

Trading recommendations:

Buy orders opened yesterday with SL below the level of 140.54 and TP at the level of 144.42 should be still kept open as there is a high chance the corrective cycle might be completed now. Next good level to add to existing positions is at the level of 143.17.

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Technical analysis of USD/CAD for January 7, 2015 Market Analysis Review

General overview for 07/01/2015 11:10 CET

The targets from the beginning of the week have been hit overnight as the market had made another higher high in this impulsive wave progression. Moreover, the count has been little changed as the top for wave 5 purple has been moved one leg higher into the projected target zone between the levels of 1.1897-1.1922. This would mean that the market is rather close to complete the five wave impassive sequence and corrective move to the downside can happen any time now. Please notce that the bearish divergence on momentum oscillator supports this view.

Support/Resistance:

1.1935 - WR1

1.1922 - 1.1897 - Projected Wave 5 Target Zone

1.1842 - Technical Support

1.1820 - Intraday Support

1.1753 - Weekly Pivot

Trading recommendations:

Daytraders should consider to open an intraday buy orders from current price levels with SL below the level of 1.1820 and TP at the level of 1.1897.

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GBP/USD intraday technical levels and trading recommendations for January 7, 2015 Market Analysis Review

Overview:

The GBP/USD pair has been moving downwards respecting the depicted bearish channel since mid-September when the ongoing channel was initiated.

Recently, the market failed to express a bullish breakout above the price level of 1.5760 (upper limit of the daily bearish channel).

Instead, an extensive bearish breakout was applied against the price levels of 1.5540-1.5560 (this breakdown was successfully executed on December 23).

A daily closure below the recent bottoms established around 1.5540-1.5560 rendered the previous consolidation range as a bearish flag pattern with potential projected target at 1.5300.

The key level for today's movement remains around 1.5200. Persistent fixation below it signals more bearish dominance towards the lower limit of the movement channel around 1.5130 and probably 1.5100.

On the other hand, four-hour fixation above price level of 1.5200 pauses the current bearish decline exposing price level of 1.5260, 1.5370 and 1.5410.

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Intraday technical levels and trading recommendations for GBP/USD for January 7, 2015 Market Analysis Review

Previously, the GBP/USD pair found temporary DEMAND around 1.5550 where many lows were established within a congestion zone back in November 2014.

A bearish breakout was expressed after successive unsuccessful attempts back in 2014.

A bearish flag pattern is obvious on the daily chart, similar to what happened back in October. The bearish breakout of this continuation pattern enabled bears to reach price level of 1.5550 directly.

The final bearish target would be the level of 1.5140 where the lower limit of the movement channel is located.

Consolidation movement ranging between the price levels of 1.5770 and 1.5550 represented the state of indecision on the market after such a long bearish rally that started off 1.7100 and 1.6500.

As anticipated, the bearish breakout below 1.5550 directly exposed lower targets. The bears have already reached price level of 1.5160 that hasn't been hit since August 2013.

Potential projection target for the flag continuation pattern should be located around 1.5140 down to 1.5100, where the lower limit of the current movement channel is located.

Conservative traders should wait for a bullish pull-back towards the recent SUPPLY zone around 1.5480-1.5550 for a low-risk SELL entry. The stop loss should be located above 1.5560.

Note that the price level of 1.5480 corresponds to 50% Fibonacci level as well as multiple previous bottoms established back in December.

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Intraday technical levels and trading recommendations for EUR/USD for January 7, 2015 Market Analysis Review

Previously, DAILY closure below 1.2360 (the lower limit of the congestion zone) directly exposed price levels around 1.2250.

The EUR/USD pair continued to move lower after breaking below the major DEMAND LEVEL at 1.2250 exposing price levels of 1.2120 and 1.2000 .

Fundamentally, the euro sentiment remained negative upon the prospect of more actions from the ECB in the coming weeks regarding QE.

Note that the market is currently pushing further below price level of 1.2000 (prominent psychological SUPPORT, also corresponding to the lower limit of the movement channel).

Price action should be watched carefully at the market closure for further decisions as the market currently looks oversold.

As anticipated previously, an obvious 4H break below 1.2150 exposed the full-range breakout projection target around 1.2000.

Following such a strong bearish swing, the market should be looking for a considerable demand level to pause around.

The lower limit of the current movement channel has been breached after the bearish gap that occurred at the market opening this Monday.

Further price action should be considered as the current price levels haven't been visited since May 2010.

Trade recommendations :

Risky traders should now be looking for LONG positions around these historical low prices after such quick bearish decline that started around 1.2550.

However, conservative traders should be looking for SHORT positions in such strong bearish momentum. Bullish pull-back towards higher price levels are needed.

Low-risk SELL entries can be taken around price level 1.2250 where a recent SUPPLY zone is located.

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Technical analysis of #USDX for January 7, 2015 Market Analysis Review

The Dollar index remains in a strong uptrend heading towards 92 where the short-term bullish flag target is found. All charts are fully bullish and as I mentioned in previous posts, traders should not go against this strong trend.

Price remains above the Tenkan-sen and Kijun-sen. The short-term bullish flag is still valid with a target above 92 and it looks like this target is going to be hit as well. The trend is clearly bullish in the 4 hour chart and bulls should not worry as long as price is above 90.

The weekly chart remains fully bullish in ichimoku terms. The tenkan-sen weekly support is found at 89.70 and as long as the index is above that level, the longer-term trend will remain bullish. There is no sign of any downward reversal and I prefer to raise my stops and I will definitely not go against this trend.

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Technical analysis of gold for January 7, 2015 Market Analysis Review

Gold price is in a short-term uptrend confirmed after breaking above $1,200-$1,205 resistance. The triangle scenario I posted in my analysis yesterday is the most probable outcome if gold manages to hold above $1,200.

Red line = resistance

Blue line = support

The blue short-term support trendline is broken. Price has moved below the Ichimoku cloud. This however is what happens in the 15 minute chart. Breaking below $1,200 will confirm the bearish signs of this chart. On the other hand, a break above $1,218 will be a bullish signal that could push gold price towards $1,240.

In the daily chart, we see gold price above the Ichimoku cloud heading towards the upper triangle boundaries. I expect it to find resistance at $1,235-$1,240. A reversal from that level will strnegthen my triangle scenario. The trend is bullish in the daily chart but the corrective nature of the rise implies that this sideways move since middle October is correction before the longer-term down trend resumes.

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Technical analysis of EUR/JPY for January 07, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair drops lower and tests 140.50 levels before pulling back sharply towards 141.50, as seen here. It is recommended to hold long positions taken earlier and also to look to add further. Risk remains around 139.50 levels for now. The pair could still drop lower and test the level of 140.00 before bouncing back and hence the risk should be below 140.00. Please also note that 140.00 is the fibonacci 0.618 support level for the rally from 134.00 levels to 149.80 respectively. Bulls are favored to come back sharply if prices reach that area. Resistance is seen at 145.00, followed by 147.00, 148.00 and higher.

Trading recommendations:

Remain long, add further positions around 140.00, stop at 139.50, target is open.

Good luck!

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for January 07, 2015 . Thanks for your support.

Technical analysis of GBP/CHF for January 07, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair has dropped further low to 1.5250 levels, which is the 50% retracement of the rally between 1.5000 and 1.5525 as seen here on the daily chart. It is still probable that the pair bounces back from here or from 1.5200 levels and pushes higher. So recommendations are to remain long and add further towards 1.5200 levels. Risk remains below 1.5150 levels. Please note that the current drop from 1.5520 levels would still be considered as a correction and a rally remains possible till prices stay above 1.5000.

Trading recommendations:

Remain long for now, move stop to 1.5140, add further positions if prices reach 1.5200, target is open.

Good luck!

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/CHF for January 07, 2015 . Thanks for your support.

Technical analysis of gold for January 07, 2015 Market Analysis Review

Technical outlook and chart setups:

Gold inched higher towards $1,223.00 levels as expected, before pulling back lower today. The metal is testing a resistance trendline at current levels, as seen on the daily chart here. At the moment, bulls are under control and it is recommended to hold long positions taken earlier. The metal could possibly retrace into $1,190.00/1,200.00 region before resuming the rally again. Immediate support is seen at $1,200.00, followed by $1,180.00/90.00, $1,170.00 and lower while resistance is seen at $1,238.00/40.00 (interim), followed by $1,240.00/50, $1,280.00 and higher respectively. Bulls are expected to remain in control as long as prices remain above $1,170.00 levels.

Trading recommendations:

Remain long for now, stop at $1,160.00, target is open.

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 January 07, 2015 . Thanks for your support.