empty
 
 
13.08.2015 08:21 AM
Gold technical analysis for August 13, 2015

Gold price continues its upward bounce as expected towards $1,130-40 area. A short-term trend is bullish. This is a corrective bounce since the weekly chart remains bearish. However, bears were warned to cover and protect in case the triangle was broken upwards.

This image is no longer relevant

Blue line - long-term resistance broken

Green lines - triangle pattern (broken upwards)

Gold price is trading in a bullish trend as price has broken above the Ichimoku cloud and above the long-term downward sloping blue trend line. The triangle breakout above $1,105 was the latest bullish signal. The trend remains bullish as long as price is above $1,100. This is the nearest short-term support. Resistance is at $1,130-40 area.

This image is no longer relevant

Blue line -long-term resistance

The weekly chart has turned positive for this week as expected by our previous analysis. Gold price is heading towards the broken blue trend line support and towards the Ichimoku tenkan-sen indicator (red line). Resistance is very strong in that area, so bulls need to be cautious.

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