empty
 
 
23.01.2013 11:11 AM
Gold inching higher towards 1,710/20 levels

This image is no longer relevant

Technical outlook and chart setups:

A 4H wave structure for the yellow metal remains unchanged for now. As depicted here, immediate support is at 1,665.00 level, followed by 1,650.00 and 1,625/30; while resistance is at 1,720/25, followed by 1,750 respectively. Charts remain exhausted at the moment, but a push towards 1,710/20 levels remains quite possible before a meaningful pullback materializes. Therefore, it is recommended to take any intraday dips as opportunities to build long positions. Immediate trendline support is at 1,685.00 level for now.

Trading recommendations:

Hold on long positions. Build further longs on intraday dips. Stop is at 1,630.00. Target is open.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
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