empty
 
 
03.09.2014 12:47 PM
Gold analysis for September 03, 2014
This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of 1,260.98 in a very high volume according to the 4H time frame. The price almost tested our Fibonacci expansion 100% at the level of 1,258.00, so be careful when selling at this stage. If the price breaks the level of 1,258.00, we may see more downward movement. Otherwise, if we see larger bullish reaction from our support, Gold may start a bullish corrective phase.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,283.62

R2: 1,290.18

R3: 1,300.80

Support levels:

S1: 1,262.38

S2: 1,255.82

S3: 1,245.20

Trading recommendations: Selling gold at this stage looks risky since the price is near our support level.

Summary
Urgency
Analytic
Petar Jacimovic
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