fxplan

Gold: Analysis

Gold: moving lower. Expected to show continued weakness.

Plan (Short-term): (H4 Chart)
1. Breaks above the trend line resistance #buy
2. Breaks below 1104 Level #short

Daily Chart
Next supports
at 1090 (10 Aug 2015 low).
Key resistance at 1205 (18 Jun 2015 high).

In the long-term(Monthly Chart), continues to favour a bearish bias. The support at 1132 (07 Nov 2014 low) has been broken, a major support can be found at 1045 (05 Feb 2010 low).

4hg

H4

gold

Daily

mg

Monthly