22 Sept 2014 XAU/USD Gold Analysis


Gold, XAUUSD, XAU/USD, Technical analysis, gold price Gold prices extends drop for 3rd consecutive week

Gold, XAUUSD, XAU/USD, Technical analysis, gold price 1215 -120 support range in sight as the yellow metal looks to extend bearish movements.

Gold, XAUUSD, XAU/USD, Technical analysis, gold price Resistance at 1225 we can see the price of gold dropping further towards 1215, 1210 and 1200

Price of bullion falls for the third consecutive week as 1215 nears. Optimism on the U.S dollar after the FOMC economic projections carried over to the end of the trading week as demand for the yellow metal falls amidst positive outlook on the rate hike by the Fed.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish119812101215122512301240

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