Currency Analyst since 2010

Gold: Murray levels analysis

D1. At this timeframe the pattern 8.8-4.8-7.8-0/8 is likely to develop. But firstly, you should wait for confirmation in form of the intersection of CTD1 and CTW1. Also, do not underestimate the power of the 8.4 level (1250.00), at which a pullback to the region of 8.5 (1281.25) is possible.

H4. The pair took off from 0/8 (1281.25) and reached 8.2 (1296.88) and after rolling back it’s again trying to overcome it. The downtrend indicated by CTD1 and CTH4, most likely won’t let the price rise above 4.8 in the short term.

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