Technical view 31.07.2014 (12.00) XAUUSD: Bias sell, Trading in range of 1290‐1300. Focus in US Jobless claims tonight.Gold trades below 1300 level all day. It faces more pressure after US GDP grow at 4%, better than expected. Price drops to trade near a support level of 1290 until this morning. Gold is pressured by economic data all the rest of the week. Gold still has a bearish outlook for short term. Trading in range of 1290‐1300, focus in US Jobless claims tonight. Resistances : R1 = 1300‐1301 R2 = 1308‐1311 R3 = 1318 Supports: S1 = 1290 S2 = 1285‐1287 S3 = 1280
Posted on: Thu, 31 Jul 2014 11:14:25 +0000
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