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| Technical Outlook For Gold 26-8-2015 |
Gold moved yesterday in the average movement of 218 Pips, its highest level at 1156.43 and the lowest price at 1134.49 and closed at 1140.45 to Lose 139 pips According to yesterday’s economic data.
Gold opened today's trading at 1140.01 volatile between 1133 and 1146 during the Asian session trading at 13 Dollars for the poor liquidity in the market range.
Gold is moving in a series of up corrective waves after returning from the trend line.
We saw the gold achieved our target at 1138
It is expected that the yellow metal is heading targeting 1150 as a target on time frame of four hours and until now we see the Bears control on market direction.
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from the USA
