Thursday, 4 February 2016

Gold Trading Signals Technical Analysis for 4/2/2016

Gold prices ended the U.S. day session solidly higher and scored another three-month high Wednesday. Gold bulls also have building technical momentum on their side and pushed prices to a fresh three-month high. Comex gold was last up $16.20 at $1,143.50 ounce. 

Gold trading Technical Analysis
Gold Trading
Gold market look like is ready to go to the next significant level at $1155.00. With that, we believe that the buyers are going to get very aggressive. Resistance is seen near the level of $1160.00, while support is seen near the level at $1127.00. On intraday basis Gold price trade higher today. On intraday charts it is trading with support of 50 DMA and 200 DMA with appearance of golden cross.

Gold technical Analysis
Technical Chart