empty
 
 
24.04.2013 10:48 AM
Gold remains buy on dips for now. 1,380.00-1,400.00 support

This image is no longer relevant

Technical outlook and chart setups:

The short-term outlook and structure remain constructive for the yellow metal, as seen here. It is recommended to hold long positions for now, and fresh positions can be built around the 1,380-1,400 support region on a dip. 1,450.00 remains the first measured target, followed by 1,500/20 region, which is the past support turned resistance now (according to weekly charts). Intermediary support is fixed at 1,310/20 levels, followed by 1,290.00 and also 1,500.00 level remain a possibility according to weekly charts. Immediate resistance is around the 1,500.00 mark and it is recommended to exit long positions if prices reach there in the coming trade sessions. Bottom line: Short-term bullish towards 1,500.00 level and bearish thereafter towards 1,290.00 levels at least.

Trading recommendations:

Remain long for now, stop is at 1,315.00, and targets are at 1,450 and 1,500.

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