Browse Stacks: Patterns: Pivot Points: Live Technical Analysis « Let's FX Group

Live Technical Analysis « Let's FX Group

GOLD Technical outlook

(Automated Forex) Special Market Analysis on the Forex and Stock market short term technical outlook, which, also, alert traders with any changes on current market outlook.

<a href="http://adserver.adtechus.com/adlink/3.0/5397.1/2562572/0/170/ADTECH;loc=300;misc=1758053658" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5397.1/2562572/0/170/ADTECH;AdId=3441611;BnId=-1;loc=300;misc=1758053658" border="0" width="300" height="250"></a>

2012.11.01 [Metals | Gold Spot (100 oz)] Overall the direction remains unclear and price is moving in (1726.04 – 1708.81) range area, the instrument has a 50 – 50 chance of a recovery above (1726.04) or a fall towards (1708.81) in the coming session. We need to hold for current session.

Market Snapshots

Hourly Alerts MACD Turning Bearishone hour ago GOLD MACD (12, 26, 9) histogram turned from bullish to bearish. This should empower the instrument`s bearish technical short term outlook. Stochastic Oversold3 hours ago GOLD Stochastic (14) main line entered hourly oversold zone. Traders should NOT consider any short term short trades. MA Penetrated3 hours ago GOLD has closed below 50 SMA. This reflects supply forces victory on short term technical outlook.

Comments

No comments yet.

...