empty
 
 
12.05.2014 10:29 AM
Technical analysis of Gold for May 12, 2014

Gold price has broken below the upward sloping trend line since it continues to consolidate sideways around $1,290. As shown in the 4 hour chart below, Gold price is now below the Ichimoku cloud and below the trend line. Early today, it also challenged the lower support area at $1,275.

This image is no longer relevant

Gold bulls will need to break above $1,295. There is a short-term strong resistance between $1,295-$1,304. The current technical picture favors bears as price is below resistance levels and the next support is found at $1,275-$1,270 area.

This image is no longer relevant

As long as Gold price does not make a daily close below $1,275 or an intraday move below $1,268, then we could still expect an upward bounce towards $1,330 and above towards the 61.8% Fibonacci retracement. Once this important support is broken, we should expect it to move towards $1,250-$1,200.

Ringkasan
Urgensi
Analitik
Alexandros Yfantis
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