empty
 
 
25.02.2014 04:35 AM
Technical analysis of Gold for February 25, 2014.

This image is no longer relevant








Technical outlook and chart setups:

1. Gold rally stalls for now at $1,338.00/39.00 levels. A meaningful retracement lower should be due now or from $1,360.00. It is recommended to remain flat for now and wait for early signals to reverse lower.

2. Resistance is at $1,360.00 for now and a push through $1,340.00 would indicate that bulls want to target it. Support is at $1,307.00, followed by $1,270.00, $1,230.00/40.00 and lower.

3. The structure indicated that Gold might have turned the trend to bullish. A deeper correction should materialize to initiate long positions. Please note that resistance turned support line and now is passing through $1,210.00 level.

Trading recommendations:

Flat for now. Looking to buy lower

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