empty
 
 
29.07.2013 10:46 AM
Gold remains bearish for now. 1,350 immediate resistance

This image is no longer relevant

Technical outlook and chart setups:

The metal is under the process of carving out lower lows from here on. 1,350.00 level has been held for now and till the time prices remain below, look lower. It is recommended to stay short below 1,350.00 level and add further positions as well. Next level of resistance is at 1,370/80 and 1,410.00, while support is around 1,270.00 and lower. The overall structure indicates that the next move should be towards the lower side at least till 1,250/70. A bullish bounce from there or not, needs to be seen. Looking lower at least for the short term.

Trading recommendations:

Remain short, stop is at 1,351.50, and target is at 1,250/70.

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