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Aug 02

TECHNICAL ANALYSIS BY NSFX 02.08.2013

By:admin

High:  Low: 

Black candle this week for gold (XAUUSD), down 40 dollars but off from the lowest level of 1282 area. It seems that an intraday uptrend is on the process to be built. Price around 1287 are considered from buyers good entry point with target 1300, area where many big orders were triggered. If gold should drop beneath the intraday trendline and below the weekly bottom sellers will be again in control of the market.

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