empty
 
 
25.06.2013 10:53 AM
Gold: Bottom formation seen at 1,280.00 or 1,150.00

This image is no longer relevant

Technical outlook and chart setups:

The metal has crashed down towards the 0.5 Fibonacci support levels of the rally between 680.00 to 1,900.00 level on the weekly chart depicted here. As seen here, a Fibonacci convergence is seen around 1,270/80 levels, which can produce a bullish bounce/reversal. If not at current levels, the metal is poised to form base around 1,150.00 level, which is the 0.618 Fibonacci support level of the entire rally. It is recommended to remain flat for now and await a bullish reversal signal on a 4H or Daily chart to enter long positions. Aggressive traders may go short on a break of 1,270.00 level with risk above 1,302.00.

Trading recommendations:

Flat for now. Looking to buy on bullish bounce.

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 $10000 lebih banyak!
    Pada Januari kami mengundi $10000 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