Gold/USD Technical Analysis Forecast for Sep 06
2013-09-06
The Gold has retreated due to the rise of the US Dollar, and the forming
of Divergence on the daily and weekly charts.
And as we notice on the daily chart, the Gold/USD prices have entered
within the Alligator levels to confirm further decline to $ 1358 per ounce,
concerning the daily term trading, we expect the Gold/USD to make an upward
correction and we expect it will retest the 1375 and 1383 levels which would
represent good opportunities to enter sell positions, then the prices will
decline.
