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Tag Archives:Technical analysis of Gold Archives - Forex Broker LiteForex Nigeria

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Technical analysis of Gold for August 29, 2018

Technical analysis of Gold for August 29, 2018

  • 29 August 2018
  • by: litefor
  • in: Blog,Social Media
  • Tags: 2018, August 29, Technical analysis of Gold
  • note: no comments

Gold price is pulling back towards $1,200 for a back test of the break out. Price has also broken above the long-term wedge pattern and has started making higher highs and higher lows in short time frames. This could be the start of a bigger bounce towards $1,220-$1,250 as long as we hold above $1,180. […]

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Technical analysis of Gold for August 28, 2018

Technical analysis of Gold for August 28, 2018

  • 28 August 2018
  • by: litefor
  • in: Blog,Social Media
  • Tags: 2018, August 28, Technical analysis of Gold
  • note: no comments

Gold price has formed a bullish flag pattern and shows signs of breaking upwards. The pullback towards $1,200 did not come as price only fell towards $1,203. Short-term trend is bullish and we expect Gold price to reach $1,220 over the coming days.  

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Technical analysis of Gold for August 23, 2018

Technical analysis of Gold for August 23, 2018

  • 23 August 2018
  • by: litefor
  • in: Blog,Social Media
  • Tags: 2018, August 23, Technical analysis of Gold
  • note: no comments

The Gold price made a short-term spike above $1,200 but price soon after pulled back as expected towards $1,190. The price has broken out and below of the short-term bullish channel and is now pulling back. We cannot say confidently if a major low is in or this bounce was part of the larger decline […]

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