Thursday, July 23, 2015

Gold

Gold

Monthly
Opening - 1172.61
Low todate - 1086.70 (8591 pips)
High todate - 1174.69 (2080 pips)

Range - 8799 pips

Either the monthly itself is 8000 or 9000 pips range remain to be seen and understand.
If it`s as such, then there would be no more room for it to bounce back above.
But on a balance term if such a bounce and balances available, it would need to reach another 6000 plus pips. So i could guess a potential of 16000 pips range in terms of monthly.

Meaning to say, the next highest before month end could be 1246.70

Weekly
Opening - 1131.81
Low todate - 1086.70 (4511 pips)
High todate - 1132.53 (72pips)
Range - 4583 pips

I would guess that the weekly range is at 8000 pips thus a potential bounce upwards within this 2 days for gold.

I say targeted price at 1166.70 potentially.

Daily
Opening - 1093.73
Low todate - 1093.16 (47)
High todate - 1105.31 (1158)
Range - 1215 pips

I woulg guess the daily range is at 4000 pips thus a potential upwards to 1113.73 or 1133.16

Let`s see tomorrow then.


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