empty
 
 
31.01.2014 12:31 PM
Technical analysis of Gold for January 31, 2014.

This image is no longer relevant

Technical outlook and chart setups:

1. Gold has produced an engulfing bearish candle stick yesterday. Currently trading at $1,241.00, it is recommended to remain short and also sell intraday rallies. Risk is at $1,270.00 at present.

2. Immediate resistance is at $1,270.00, followed by $1,279.00, while supports are spread through $1,230.00, followed by $1,220.00, and $1,182.00 respectively.

3. The structure reveals that Gold is retracing at the moment towards $1,220.00 levels. Please note that 0.618 fibonacci support is at $1, 218.00 and a bullish reaction is expected there. The next bullish swing would resume from there on. $1,182.00 remains key for the trend.

Trading recommendations:

Remain short for now, stop at $1,270.00, target $1,220.00.

Good luck!

Ringkasan
Segera
Analitic
InstaForex Analyst
Mulakan perdagangan
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $6000 lebih lagi!
    Dalam Diseember kami membuat cabutan bertuah $6000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget