Gold 2018-09-06

Posted on

Gold managed to jump again above 1200-05 which may activate farther advance wave

As long as market continue trades above 1189 the chance for new advance wave to head toward 1225 and 1236 is expected

Below 1189 the downtrend pressure may back to affect market to head toward 1160

  Support Resistance
Level 1 1200 1215
Level 2 1189 1225
Level 3 1160 1236
(Visited 1 times, 1 visits today)

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.

- Website

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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.

© Orbex