empty
 
 
06.08.2018 04:12 PM
Analysis of Gold for August 06, 2018

This image is no longer relevant

Recently, the Gold has been trading downwards. The price tested the level of $1,207.90. According to the H1 time – frame, I found the rejection of the Fibonacci retracement 61.8% in the background (confluence). MACD oscillator is also showing that sellers are in control, which is another sign of weakness. I have placed Fibonacci expansion to find potential downward targets. I got Fibonacci expansion 100% at the price of $1,195.95 and Fibonacci expansion 161.8% at the price of $1,181.20.

Resistance levels:

R1: $1,220.38

R2: $1,227.70

R3: $1,235.85

Support levels:

S1: $1,204.90

S2: $1,196.75

S3: $1,189.45

Trading recommendations for today: watch for potential selling opportunities.

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback