empty
 
 
06.04.2012 10:51 AM
GOLD Intraday Technical Analysis

This image is no longer relevant
 

Gold is presently testing the intermediate resistance of its medium term bearish channel in 1633 an is likely to decline. However, a breakdown of these levels will allow to reach the upper limit of its channel in the point 1673.

Technical indicators do not provide clear signals but as the resistance level remains unbroken,  the pair is most likley to decline. Bollinger bands are much discarded due to the strong decline of these days. The situation is expected to stabilize soon.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will has broken its resistance in 1633 with 1645 and 1650 seen as first targets.In case the level 1630 is passed through, the proposed scenario will be invalidated .

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
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 $1000 more!
    In April we raffle $1000 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