empty
 
 
15.10.2015 01:13 PM
Gold analysis for October 15, 2015

This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, gold has been trading upwards. As we expected, the price tested the level of $1,189.62 in a high volume. An intraday trend is upward. In the daily time frame, our strong trading range $1,170.00 (resistance) to $1,098.50 (support) got finally broken. In the H1 time frame, we can observe weak supply around the price of $1,182.00. I placed major Fibonacci expansion to find potential objective points and got Fibonacci expansion 100% at the level of $1,191.00 and Fibonacci expansion 161.8% at the price of $1,247.00.

Daily Fibonacci pivot points :

Resistance levels

R1: 1,187.00

R2: 1,192.30

R3: 1,200.50

Support levels:

S1: 1,170.50

S2: 1,165.40

S3: 1,157.00

Trading recommendations: Be careful when selling gold at this stage and watch for potential buying opportunities on dips. Next resistance level is seen around $1,191.00-$1,247.00.

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