Gold prices gained in Asia on Monday as investors continued to see hesitation by the Federal Reserve to raise rates and in thin trade with China markets shut for the week.
In the week ahead, investors will be looking to Wednesday’s testimony by Fed Chair Janet Yellen and Friday’s data on U.S. retail sales for further indications on the strength of the world’s largest economy.
Most Likely Scenario:- Long above @1155.77 with target 1183.20 for further extension.
Alternative :- Short below @1155.77 with target 1137.37 for further retracement.
RSI Still moves in buying area
Moving average gives bullish indication
Technical Summary:- Strong Buy
*Remember your capital at risk
To receive daily technical analysis report with complete details directly via email please register on www.ezinvest.com
To receive daily technical analysis report with complete details directly via email please register on www.ezinvest.com
ليست هناك تعليقات:
إرسال تعليق