GOLD GOING TO 1077 - WEEK, 750 - YEAR, 1090 - LATER

GOLD GOING TO 1077 - WEEK, 750 - YEAR, 1090 - LATER

27 October 2015, 15:22
forexintel
0
85

As mentioned in my recent posts, still believe that the gold and eurusd prices to be moving downwards but with high volatility. It would be interesting to see how this month candle closes, as it would provide the momentum for the remainder of the year and the direction. I expect the momentum to be big and bearish and continue further in the next year. There is a remote possibility of a double bottom reversal with previous week's low, hence keeping an eye on that possibility. Will close the SELL order if that happens, else will keep it open.

 

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