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Gold technical analysis for November 4, 2015

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Gold technical analysis for November 4, 2015 Empty Gold technical analysis for November 4, 2015

Post  Admin on Wed Nov 04, 2015 11:42 am

Gold technical analysis for November 4, 2015
Gold price remains below the Ichimoku cloud. Stochastic is oversold on the 4-hour chart and price has reached the 78.6% retracement and the upward sloping trend line support from $1,080. We are now looking for entry levels for long positions.

We want to see a short-term pattern of higher highs and higher lows in order to establish a stop level. Traders eager to buy now should use $1,100 as stop.


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