empty
 
 
26.08.2015 11:54 AM
Gold: analysis for August 26, 2015

This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, gold has been trading downwards. As we had expected, the price tested the level of $1,133.22. According to the daily time frame, we can observe a strong supply bar in a high volume. I had placed diagonal trendline and the price stoped extacly on it. Our Fibonacci retracement 50% at the level of $1,155.00 was successfully held. Our trading range got broken and support level at $1,145.00 failed to hold. Watch only for selling opportunities after retracement. We got support levels at $1,125.00 and $1,112.00. In the background, we got strong sign of weakness (supply came in), which is a sign that this can be turning point in the mid-term prospect.

Daily Fibonacci pivot points:

Resistance levels

R1: 1,151.00

R2: 1,156.00

R3: 1,165.00

Support levels:

S1: 1,134.35

S2: 1,129.00

S3: 1,120.80

Trading recommendations: The strong sign of weakness is in the background. Watch only for selling opportunites after retracement.

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