empty
 
 
04.06.2012 10:56 AM
USD/CAD Survey according to the Point and Figure Charting for June 4, 2012

This image is no longer relevant

Technical outlook and chart setups:

Gold has inched higher towards the level of $1,227.00 after breaking out of sideways consolidation earlier. The metal could be looking to at least retrace lower for now, before resuming its rally. It is hence recommended to book profits on long positions taken earlier. Aggressive traders could look to initiate short positions at these levels with risk around $1,230.00. Immediate support is seen at $2,297.00 followed by $1,180.00, $1,170.00, and lower while resistance is seen at the levels of $1,235.00/45.00 followed by $1,285.00 and higher respectively.

Trading recommendations:

Book profits on long positions taken earlier. Initiate 50% short positions, stop at $1,230.50, a target is open.

Good luck!

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
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