empty
 
 
23.01.2014 04:48 AM
Technical analysis of Gold for January 23, 2014.

This image is no longer relevant

Technical outlook and chart setups:

1. Gold fails at $1,268.00 and retraces lower taking out support at sub $1,235.00 levels during early trading hours today. It is recommended to sell on rallies towards $1,249.00/50.00 from here on. Risk remains at $1,262.00/65.00.

2. Immediate resistance is now at $1,260.00/61.00 (intermediary), followed by $1,267.00/68.00, while supports are spread through $1,220.00, followed by $1,209.00 and lower.

3. Watch out for support and a bounce around $1,210.00 for initiating long positions. A failure at that level would indicate further downside below $1,180.00.

Trading recommendations:

Initiate short positions around $1,249.00, stop is at $1,265.00, target is $1,210.00.

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