empty
 
 
08.09.2015 03:32 PM
Technical analysis of Gold for September 08, 2015

This image is no longer relevant

Technical outlook and chart setups:

Gold is trading around $1,122.00/23.00 at the moment and might be looking for an opportunity to rally further, before continuing its drop below the levels of $1,075.00. The yellow metal could also re-test $1,170.00 before dropping. it is hence recommended to book profits on short positions taken earlier and remain flat for now. Immediate support is seen at $1,110.00 followed by $1,090.00, $1,075.00, and lower, while resistance is seen at $1,170.00 followed by $1,200.00 and higher.

Trading recommendations:

Book profits on short positions taken earlier and remain flat.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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