empty
 
 
12.07.2012 11:31 AM
Gold Major Breakdown May Be Under Way

This image is no longer relevant

 

 

Technical Outlook and Chart Setups:
As depicted above, gold seems to be in a larger consolidation structure since last quarter 2011, the dropping line of resistance. Taking into account the inside wave structure, the yellow metal seems to be in a wave 4 consolidation between 1540.00 and 1630.00. Anything above 1630.00 will break out of the consolidation structure; but for now we expect a breakdown of 1530.00 levels in near term.

Trade Recommendations:
Sell intraday rallies 1580.00/1600.00 levels, Stop at 1630.00, Target Open.

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 $8000 more!
    In March we raffle $8000 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