GOLD Technical Analysis Thu, 20 Jun 2013

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Jun 202013
 
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4XEagleEye Chart

2013.06.20 [Metals | Gold Spot (100 oz)] We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (1376.76). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish. Look for short positions for today`s trading session.

Market Snaphoot 1Market Snaphoot 1 Market Snapshots


Summary
Direction
Moving Avg.
Indicators. 		Reversal Prob.
Oscillator 		Candle

Bullish

Harmonic

1354.42 1360.89 1365.79 1372.83 1381.02
1332.17 1320.80 1298.55 1287.18 1282.53
Hourly Alerts
Down Trend 4 hours ago GOLD is facing a selling pressure pushing it down as long as it remains below (1376.76) any four hours close below (1332.17) will open the way for the instrument to test the next support level. Any four hours bare close above (1376.76) will change instrument`s direction. Traders should consider selling each rally with a stop loss at (1376.76).
Copyrights: FX Eagle Eye is a combined efforts for the JV between letsfx.com and 4XEagleEye.com

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