Grand Capital - Analytics

    Grand Capital

    470.25 5.25/10
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    Real

    Gold Technical Analysis 16.11.2015

    GOLD

    After steep rise which occured during Asian session, Gold prices started to decline and if they won't rise higher than 1095.00 they can go down again on the wake of expectations of the US interest rate increase.

    The price resides on the upper Bollindger band, higher than SMA5 and SMA14. The relative strength index (RSI) dropped sharply. Stoch enter overbought zone.

    Trading recommendations: Sell with local target of 1079.50-55.


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