Gold/USD Technical analysis 09/03/20013
Gold prices rose on President Barack Obama's efforts to convince
Congress to back his plan to attack Syria.
And the Gold is trying to form the
Head and Shoulders pattern on the 4 hours chart, and the appearance of the
Divergence between the Stochastic tops and
the prices trend .
So
we expect the Gold to recover towards the 1396 level , then to the key
resistance level of $1405 per ounce, which would represent good opportunities
to short the Gold/USD pair, and then we expect it will decline further to the
1390 levelTo know the next target of this pair and other currencies, register now on our website www.mbcfx.com and start receiving real time alerts, on when to buy and sell , take profit and stop loss , as well as economic calendar and major events to watch
