|MA Penetrated minutes ago
||GOLD has closed above 100 SMA. This should empower bullish short term technical outlook.
|Down Trend 2 hours ago
||GOLD is facing a selling pressure pushing it down as long as it remains below (1251.50) any four hours close below (1236.89) will open the way for the instrument to test the next support level. Any four hours bare close above (1251.50) will change instrument`s direction. Traders should consider selling each rally with a stop loss at (1251.50).
|Neutral Trend 8 hours ago
||GOLD is struggling in a battle between both market forces (bulls and bears) the instrument has a trading range to break. Any four hours close above (1251.50) will open the way for a little push upward to test next resistance level, and a four hours close below (1211.37) will let the instrument test the next support level.