Monday, October 28, 2013

Gold Analysis

Gold Analysis October 28, 2013

Economic data of the world’s largest economy showed weakness, US dollar lost his value disappointing the traders. Price of gold traded as low as 1336.53, After the report of University of Michigan about its consumer sentiment index (which was declined to 73.2 from 75.2) and the Commerce Department’s report for core durable goods orders (which was decreased %0.1), price of moved higher and closed at 1351.54 on Friday.

Support               1345.00    1342.00    1336.00    1330.00    1326.00
Resistance           1355.00    1363.00    1372.00    1378.00    1382.00

Gold Analysis

 MACD and the RSI are on a rising trend, supporting the positive view We suggest read more