Forex Traders Anticipate Heavy News Week
August 31, 2009 by ForexYard
Filed under Daily Forex Analysis
Gold:
Gold prices rose significantly in the last week and peaked at $955.45 an ounce. However, the 4-hour chart’s RSI is floating in the overbought territory suggesting that the recent upwards trend is losing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.
