Thursday, October 6, 2016

TFG Analysis & Signal for GOLD (06/10/2016)

Gold Trading lower today, As we expect the upcoming FED rate hike i still expecting to hit 1400. But current position is oversold. Its time to come buyer to put positive sterling pressure. Gold have safe heaven position. But on the other hand if the short live sterling then it may go 1200 below which indicate 1180 then 1140.

Signal For Gold :

Trade: Buy at 1255
Take profit: 1300
Spot: 1253
Stop-loss: 1200

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