LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

Gold reversed from support area; Likely to rise 1950.00

Gold recently reversed up with the daily Japanese candlesticks reversal pattern Long legged Doji from the support area lying between the support level 1860.00, support trendline of the daily up channel from March and the 50% Fibonacci correction of the previous upward impulse from June. Given the clear daily uptrend – Gold is likely to extend the gains toward the next resistance level 1950.00 (former minor support from the end of July – which stopped the previous correction (iv)).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.