empty
 
 
28.04.2015 09:05 AM
Technical analysis of Gold for April 28, 2015

This image is no longer relevant

Technical outlook and chart setups:

Gold seems to have resumed its uptrend after bouncing off sharply from the recent lows created around the level of $1,175.00. The metal has also crossed its counter trend-line resistance for now and is trading at the level of $1,200.00. It is recommended to remain long with risk at $1,170.00. Buy on dips until the prices stays above the level of $1,170.00. Immediate support is seen at $1,175.00 followed by $1,162.00, $1,140.00, and lower, while resistance is seen at $1,210.00 followed by $1,225.00, $1,240.00/50.00, and higher respectively.

Trading recommendations:

Remain long for now, stop at $1,170.00, a target is open.

Good luck!


Summary
Urgency
Analytic
InstaForex Analyst
Start trade
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 $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

Recommended Stories

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