empty
 
 
28.09.2015 09:56 AM
Gold technical analysis for September 28, 2015
Gold price tested the level of $1.150, important resistance of the triangle pattern, on Friday and broke above it. However, the price came sharply back inside the triangle area implying that this breakout was a fake one. Bulls need to hold support at $1.120 reaching a new higher high, otherwise this fake breakout can be interpret as a bearish sign.

This image is no longer relevant

Green lines - triangle

Red line - support

Gold price continues to trade above the Ichimoku cloud. It is above the red trend-line support, but we should not forget the rejection and fake breakout at $1,150. Bulls have not lost the battle yet as the price has made a higher low and holds above support. This is an area to go long and to add above the short-term resistance at $1,151. Breaking above $1,150 again will be a bullish sign and could push the price towards $1,170 in the short term. Support is found at $1,128 and then at $1,105.

This image is no longer relevant

The weekly chart shows how the price remains trapping between the kijun- and tenkan-sen indicators. It is important for bulls to hold above the tenkan-sen (red line indicator) and break above the yellow line indicator. This will confirm a bullish trend at least for the short-term and we might even see a bounce towards the Ichimoku cloud near $1,200 in order to test the longer-term bearish trend.

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