empty
 
 
29.08.2014 02:21 PM
Gold analysis for August 29, 2014

This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, gold has been trading downwards. The price tested the level of 1,283.25 in a volume above average. 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%). I have placed Fibonacci retracement to find potential resistance levels and I got Fibonacci retracement 38.2% at the price of 1,292.00 and Fibonacci retracement 61.8% at the price of 1,303.00. According to the 1H time frame, we can observe absorption volume in the background, which is a sign that buying looks risky. Watch for potentaial selling opportunities.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,295.91

R2: 1,299.35

R3:1,304.93

Support levels:

S1: 1,284.75

S2: 1,281.31

S3: 1,275.73

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

Ringkasan
Segera
Analitic
Petar Jacimovic
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 $10000 lebih lagi!
    Dalam Januari kami membuat cabutan bertuah $10000 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