empty
 
 
04.04.2014 01:32 PM
Technical analysis of Gold for April 04, 2014.

This image is no longer relevant

Technical outlook and chart setups:

1. Gold seems to have formed an intermediary base at $1,277.00 levels for now. It is also the fibonacci 50% retracement of the recent rally as seen here. Bulls should remain inclined to stage at least a counter trend rally from current price, extending to $1,350.00 levels. It is recommended to remain long for now, risk remains at $1,270.00.

2. Support is at $1,230.00/40, followed by $1,210.00 and lower while resistance is at $1,350.00, followed by $1,388.00 respectively.

3. The structure indicates that bulls should remain in control and $1,277.00 should hold for now. Even if Gold has to continue its long term down trend, it should possibly stage a rally towards the back side of the trend line at $1,350.00.

Trading recommendations:

Remain long, set stop at $1,270.00, 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