Currency Analyst since 2010

Gold: Murray levels

Daily. On the daily chart the2-week flat-fixing above the 6/8 (1312.50) is probably close to an end. Price almost reached 7/8 (1343.75), and the aim of the bulls is to test this level. Break below STD1 by the third of this level will lead to drop in the area CTW1.

H4. As the pair settled above 4/8 (1312.50), this opens prospects for growth, first again to the 5/8 area (1328.13), and in the case of breakdown of 5/8 – to 6/8 (1343.75). While this option is most likely, do not discard the possibility of break below 4/8. This latter will cause the move to the lower boundary of the channel – level 3/8 (1296.88).

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