empty
 
 
25.03.2015 08:49 AM
Technical analysis of Gold for March 25, 2015

This image is no longer relevant

Technical outlook and chart setups:

Gold is seen to be preparing to drop lower towards at least $1,175.00 if not further. The metal can bounce back from the level of $1,175.00 or $1,160.00 and resume moving towards $1,220.00/23.00. It is recommended to remain flat for now and look for an enter at lower levels on a bounce appearing on hourly charts. Immediate support is seen at $1,175.00 , followed by $1,162.00, $1,140.00/43.00, and lower while resistance is seen at $1,224.00/25.00 respectively. Bulls should push through initial resistance to install further confidence.

Trading recommendations:

Flat for now. Looking to buy lower again.

Good luck!


Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In April we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback