Gold /Euro - Driving into oversold territory

Date: 30th June,2017 by Timothy Straiton
Thanks to our donors, stoploss.ch is able to deliver quality investment advice, market analysis and technical trading guidelines and general information of use to investors and traders on a regular basis.

Current level is 1089.38, and trading below the falling 200 day moving average at 1139 and also below the monthly pivot level of 1135. This market is currently into oversold territory with the 14 day relative strength index at 25%. Support is expected to develop around the 1043 level which marks the rising support line measured from the December 2013 low of 859.


The above represents the opinion and analysis of Mr Timothy Straiton, based on data available to him, at the time of writing. Mr.Straiton's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr.Straiton is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr.Straiton recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified market analyst with over 30 years experience, Mr.Straiton is not a Registered Securities Advisor. Therefore Mr.Straiton's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.