Instant Forex Trading

Welcome Guest ( Log In | Register )

Reply to this topic   Start new topic
TFx Analysis Gold Next few week Road map, TFx Analysis
 Topic Options
post Feb 9 2017, 02:13 PM
Post #1

Group: Members
Posts: 15
Joined: 3-February 17
Member No.: 29,963

GOLD upcoming Weeks road Map (Bird Eye View)
GOLD Daily remains indecision phase for long run Price movement direction due to prevailing TRUMP regime. Now two alternative possible Price movement options get strong confluence to make long term Gold Decision.
Price Zone needs to be considered are
1271.78 & 1252.87
1187.34 & 1172.22
1096.87 & 1071.40

Scenario 1.
If Gold adopt Bullish Impulsive move it will find next resistance in between zone 1271.78 & 1252.87 than take corrective movement finding resistance at 1187.34 & 1172.22 . It seem to reject the 1187.34 & 1172.22 level than would follow bullish rally upto psychological level of 1400.00

Scenario 2.
If it breaks down the Prize zone 1271.78 & 1252.87 support level needed to be considered would be 1123.07 & 1096.87. And once said level rejected price will adopt North direction rally in order to attain ultimate 1400.00 psychological levels

Go to the top of the page
+Quote Post

   Reply to this topic   Start new topic

        1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:


Lo-Fi Version   Partnership with InstaForex   Open account in InstaForex   Support InstaForex Time is now: 18th January 2018 - 05:10 AM
Financial services provided by InstaForex Companies Group
© 2008-2018
InstaForexTM is a registered trademark of InstaForex Group