empty
 
 
04.12.2012 11:41 AM
Gold Looking Vulnerable. Breakdown of 1,705/00. Levels Triggers Major Selloff

This image is no longer relevant

Technical Outlook and Chart Setups:

A 4H chart view has been presented here today. As depicted here, the yellow metal is facing stiff resistance around the 1,720/30 region. Slowly but gradually prices are coming lower towards 1,700 level. Please note that 1,700/05 levels remain key support for the prices to rally further up. A breakdown would suggest that 3rd wave extension is under way and that the metal is headed towards 1,630.00 level, and probability is high. Intermediary resistance is around 1,732.00 followed by 1,755.00 respectively. Looking lower for now.

Trading Recommendations:

Sell on a breakdown of 1,700.00, stop is at 1,735.00, and target is at 1,640.00. Or buy aggressively on a break higher of 1,732, stop is at 1,700, and target is open.

Good Luck!

Ringkasan
Urgensi
Analitik
InstaForex Analyst
Mulai berdagang
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback