Gold 2018-08-13

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As we advised in the last 3 weeks and as we see over our previous chart

Gold still holding downtrend wave after market broke below support 1236

Short-Run outlook see main resistance at 1245 where as long as Gold maintain trades below the downtrend wave is on go toward 1100 target

above 1245 the Intraday levels may give farther advance where another resistance laying t 1266

Intraday levels showing support at 1195 and 1180 which may drives for some rebound correction on market

  Support Resistance
Level 1 1195 1206-08
Level 2 1180 1220
Level 3 1172 1236
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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