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Gold Prices August 17, 2015, Technical Analysis

Christopher Lewis
Christopher Lewis
gold

The gold markets initially tried to rally during the course of the session on Friday, but found enough resistance above at the $1120 level in order to turn things back around and form a shooting star. With this, the market looks as if it is ready to continue going lower, perhaps heading down to the $1100 level next. We are sellers on a break below the bottom of the candle from Friday, or any rally at this point in time that show signs of exhaustion as the markets certainly are in a massive downtrend overall.

 

Gold Prices August 17, 2015, Technical Analysis

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EURUSDEUR/USD
GBPUSDGBP/USD
XAUUSDGold
CLCrude Oil
SPXS&P 500
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