[B]FxGrow Daily Technical Analysis – 15th Aug, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]XAUUSD[Gold][/B]
XAUUSD was indecisive last week as it touched a low of 1329.99 and a high of 1356.67 towards the end of the closing session. Gold is moving in a consolidation phase today and is now trading below its 100day SMA of 1348.31 in the European trading session. [B]The near term bias is Neutral with sideways moves expected[/B].
Support is at 1333.96 while Resistance is at 1346.45 and 1348.65
[B][I]15th Aug 2016 – 12:15AM (UTC)[/I][/B]
[B]XAGUSD[Silver][/B]
XAGUSD was indecisive last week as it touched a low of 19.58 and a high of 20.48 coming down towards the end of the closing session. Silver is moving in a consolidation phase today and is now trading below its 100day SMA of 19.99 in the European trading session. [B]The near term bias is Neutral[/B]
Support is at 19.65 while Resistance is at 19.86 and 20.00
[B][I]15th Aug 2016 – 12:18AM (UTC)[/I][/B]
[B]USOil.cfd[/B]
US Oil was bullish last week as it crossed the 44 handle and remained strong towards the closing session. US Oil is moving in a consolidation phase today and is now trading above its 100day SMA of 43.10 in the European trading session. [B]The near term bias is Neutral[/B]
Support is at 44.47 while Resistance is at 44.85 and 44.95
[B][I]15th Aug 2016 – 12:23AM (UTC)[/I][/B]
[B][I]For more in depth Research & Analysis please visit FxGrow.[/I][/B]
[I][B]Note:[/B] This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.[/I]
