Analysis of gold prices today – July 24, 2012

Gold price technical analysis 17 - June, 2013

Did not achieve the gold market a lot during the session on Monday as traders seemed unwilling to do any significant risks in the market. The candle is a hammer session upward somewhat, but must take into account the narrow range that we see now in the precious metals sector.

We still see the level of $ 1540 Kmenqth a strong support, so if we take the position, you will be a long position. With this, we feel that the real support is in the bottom at $ 1500. Needed to hack below that level in order to start selling. When you break through the $ 1640, will not only take a long position with this market, but we will we make are also strong.