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Gold Chart Analysis

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2016-01-05_00-08-23xauusd

2016-01-05_00-08-23xauusd

Price on the daily Gold chart has been moving sideways for some days now.

The economies in general have not be doing good so one might expect that some investors might buy a save haven asset like gold after a previous sharp bearish move.

Or there might be some interest in not letting the price drop below the 1050$ level.

Never the less we will introduce a bullish and a bearish option of an outbreak of the range.

If the oubreak of the range occurs one would be taking the trade after the price provides us with a retracement.

Best of Pips

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