Gold (XAU / USD) the forecast for today 20/07/2016 - 20 July 2016 - free no deposit forex bonus
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Main » 2016 » July » 20 » Gold (XAU / USD) the forecast for today 20/07/2016
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Gold (XAU / USD) the forecast for today 20/07/2016

 

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Yesterday during the European session, gold was traded almost unchanged, as market participants analyzed the chances of further monetary easing by central banks around the world.

 

 

 

Current situation

Price found strong support in 1330, where she spent the last trading day. Resistance is located at 1360, support - at 1330.


MACD is in the negative zone. Histogram rose, indicating a weakening of the position of sellers. RSI Oscillator is close to oversold territory.


Price caught between the EMA-50 and 100, the EMA on the 4-hour chart. Moving averages are neutral.

 

Gold forecast for today

Quotes of gold is likely to continue to trade in a neutral mood in 1330.

 

 

 

Based on materials from Fort Financial Services

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