empty
 
 
15.10.2013 12:48 PM
Gold Elliott wave analysis for October 15, 2013

Gold is moving downwards in an impulsive pattern. We mentioned yesterday that prices were back testing the broken support neckline and that soon selling pressures would come back. The upward move from 1,264 to 1,289 was corrective as explained yesterday as the overlapping pattern suggested so.

This image is no longer relevant

Today new lows are made towards 1,258 as expected. The trend remains downward and support levels are broken both in short and longer term. The short-term support is now found at 1,252 and 1,230. The short-term resistance is now found at 1,274 and 1,290.

This image is no longer relevant

We remain bearish biased towards 1,200-1,150, as per the H&S pattern explained in the previous posts. We remain bearish as long as prices continue to make lower lows and lower highs and as long as the downward sloping trendline is not broken upwards.

Alexandros Yfantis,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2025
Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $6000 अधिक!
    में दिसंबर हम आकर्षित करते हैं $6000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback