Weekly Analysis: Gold On Its Way Up
Banu Akbez | Jul 15, 2013 06:47AM ET
A quick look at where Gold, Silver and USD/TRY are this week:
Gold
Monthly graph has the signal for Gold's direction. On a weekly basis, it shall go up towards the resistance around 1,365 – 1,395 area. Support is at 1,270 level.
It shall start the first business day of the week with an increase.
Silver
Monthly graph has started to generate the signal for Silver's direction. On a weekly basis, it shall rise towards 22.00 target above 19.70 level. Support is at 18.70 level.
It might start the first business day of the week with a rise.
USD/TRY
On a monthly basis, it shall make new highs on its way to 2.0050 target, above 1.9245 level.
On a weekly basis; it seems like breaking 1.9750 resistance for new highs. Support is at 1.9215 level.
It might start the first business day of the week with a decrease.
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