empty
 
 
23.09.2015 02:15 PM
Technical analysis of Gold for September 23, 2015

This image is no longer relevant

Technical outlook and chart setups:

Gold is trading above $1,130.00 after bouncing back from the levels of $1,120.00/21.00 today. The metal is expected to continue its bullish stance through at least $1,150.00. Please note that a bullish morning star candlestick pattern indicates reversal. It is hence recommended to hold long positions, with risk at $1,100.00. Immediate support is seen at $1,115.00 followed by $1,090.00, $1,080.00, and lower while resistance is seen at $1,150.00 followed by $1,170.00 and higher.

Trading recommendations:

Remain long with stop at $1,100.00, 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