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The gold resided for trading near $1070

Discussion in 'Current Market Sentiments' started by fx-recommends, Dec 28, 2015.

  1. fx-recommends

    fx-recommends Content Contributor

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    XAUUSD Daily 28-12-2015 06-51-35 ص.jpg The gold is still trading close to $1070, after it could bounce from $1047.46 on Dec. 17 forming a higher low above $1046.08 per ounce which has been reached on this Dec. 3 to be its lowest reached level since Jan 2010.

    After XAUUSD rebounded to $1081.46, it resided for trading around $1070 to drive its daily Stochastic Oscillator (5, 3, 3) which is sensitive to the volatility up to have its main line in the neutral region close to overbought region above 80 reading 70.120 and also its signal line which is reading now 73.372.

    Important levels: Daily MA50 @ $1094.12, Daily MA100 @ $1113.61 and Daily MA200 @ $1143.51

    S&R:

    S1: $1046.08
    S2: $1000
    S3: $904
    R1: $1089.70
    R2: $1097.86
    R3: $1097.86


    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    walid.s@trade-24.com
    Tel: UK. +44 1138590277
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