GOLD WEEKLY ANALYSIS 19-24 October 2015

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Last week GOLD bullish trend Let check the Gold analysis with trend lines view and candle stick:

gold 1


As you can see the lines we it seems that the next week GOLD can’t have bearish or bullish trend it goes up and now it’s time to rest for the next movement.

I think that this week you can get profit by buy gold near the 1160 and sell near the 1190.

gold 2

The Candle sticks analysis:

Three weeks ago we had hammer candle after that you can see market goes up but not rapidly the most movement was after none frame payroll.

And last week we can see up shadow it can say us again the next week we have not trend for the gold so my recommendation is same it seems that the gold market in the next week is in trade area.

Author: Mohsen J. From  PipSafe Team

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