empty
 
 

2016.11.0700:53:00UTC+00Fxwirepro: Gold Upside capped by 61.8% Fibo, Good to Sell on Rallies

  • Pattern formed – Triple top
     
  • Major resistance- $1310 (61.8% retracement of $1352.57 and $1241.50).
     
  • The yellow metal retreated sharply after FBI gives a clean chit to Hillary Clinton Emails.Gold declined sharply today morning after making a high of $1307.
     
  • Gold  upside capped by 61.8% fibo level. Any break above 61.8% confirms further bullishness. Any violation above $1310 will take the yellow metal to next level till $1314 (21- W MA)/$1322 in the short term.

  • On the lower side, major support is at $1286 (34- day EMA) and any break below targets $1278/$1260.

    It is good to sell on rallies around $1300-$1302 with SL around $1310 for the TP of $1285/$1278

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback