empty
 
 
30.05.2014 01:58 PM
Gold analysis for May 30, 2014

This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, gold has been trading downwards, the price tested the level of 1,251.29 on high churn volume (high volume but low range of the bar) according to the Daily chart. Since the price didn't break our resisntace level at 1,305.00, we saw strong downward pressure. Anyway, selling still looks very risky since we are at the support level and we have reached selling high (ultra high volume) on the low ground. I have placed Fibonacci retracement levels to find a potential end of a bearish corrective phase and I got submajor Fibonacci expansion level 100% at the price of 1,251.00 and major Fibonacci expansion 100% at the price of 1,217.00. According to the 1H timeframe, we spotted intraday resistance level at the price of 1,260.00 (Sswing high) and intraday support at the price of 1,251.00 (swing low, Fibonacci expansion 100%). Be careful with selling Gold at this stage since the price is near the support level.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,260.53

R2: 1,262.91

Support levels:

S1: 1,252.81

S2: 1,250.43

Trading recommendation: Trading the metal, be careful with short-term selling since the price is near support.

Ringkasan
Urgensi
Analitik
Petar Jacimovic
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