GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
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GOLD - USD - Gold still trading sideways - 09/30/2014 (GMT)

Timeframe : 4H

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GOLD - USD Chart

• Gold remains trapped in a range between the 1208 (S1) support area and the resistance of 1225 (R1). Since the precious metal seems to be oscillating between these two lines, a break in either direction is likely to determine the forthcoming near-term bias. On the daily chart the price structure still suggests a downtrend, but our daily momentum indicators give me an extra reason to remain flat. The 14-day RSI exited its oversold field and is now pointing up, while the daily MACD shows signs of topping and looks ready to cross below its signal line.
• Support: 1208 (S1), 1200 (S2), 1180 (S3)
• Resistance: 1225 (R1), 1240 (R2), 1260 (R3)

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