empty
 
 
10.09.2012 10:54 AM
Gold Breaks Out Aggressively. Watch Out For Bull Traps...!!

This image is no longer relevant

 

Technical Outlook and Chart Setups:

Gold is out of consolidation as we had expected a few weeks back. But these are certainly not the levels to go long. A correction, more likely in 3 wave, is the most probable move at the moment.We expect the yellow metal to retrace at least till 1630 level which was resistance earlier. Predicting prices to hit fresh highs above 1930.00 at the moment is not possible. Every rally has to be followed up by a healthy correction, for the trend to continue. We recommend traders to stay away from buying at these levels.

Trading Recommendations:

Go short now at 1736.00, stop at 1750.00, minimum target  at 1630.00.

 

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 $10000 more!
    In January we raffle $10000 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