empty
 
 
22.08.2014 05:08 PM
Gold analysis for August 22, 2014

This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, gold has been trading downwards. Just like we expected, the price tested the level of 1,272.90 in a very high volume. We got successful rejection from our Fibonacci retracement 61.8%, which caused the price to start downward movement. Our Fibonacci expansion 61.8% at the price of 1,284.00 is broken. So, we may see potential testing the level of 1,260.00 (Fibonacci expansion 100%). We can observe very weak demand according to the 4H timeframe, which is a sign that buying looks very risky. Watch for potential selling opportunities afer retracement.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,277.71

R2: 1,277.93

R3: 1,278.27

Support levels:

S1: 1,277.03

S2: 1,276.81

S3: 1,276.47

Trading recommendations: Buying Gold looks risky since the price has broken support level.

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