GOLD: XAUUSD 1,323.94 / 1,324.5
Sep
30
TECHNICAL ANALYSIS BY NSFX 30.09.2016
By:admin
High: 1,325.12 Low: 1,319.28
The commodity is making lower highs but it is still trading above its 200SMA. Beneath the 38.2% Fibonacci retracement the commodity could test the 200SMA, in area 1,290. The static 61.8% Fibonacci level is at 1,265. A breakout of the medium term demand line can lift the shiny metal to 1,378 and then to 1,400.
R3 | 1,400 |
R2 | 1,378 |
R1 | 1,345 |
S1 | 1,310 |
S2 | 1,290 |
S3 | 1,265 |