empty
 
 
13.05.2013 03:23 PM
Gold bounces off support at 1,420.00

This image is no longer relevant

Technical outlook and chart setups:

The yellow metal has bounced off the 0.382 Fibonacci support levels at 1,420.00. It is recommended to book partial profits on the short positions suggested last week. The trading implications are dual at the moment.

1. A lower top is in place ahead of 1,500.00 level and a move lower is under way towards 1,290.00 level.

2. A bullish bounce at 1,420.00 level would see around 1,520/30 levels in the sessions to come, before reversing. Since the intermediary trend is down, the latter one sounds more probable for now.

Resistance is seen at 1,591.00 level, followed by 1,650/70 levels in this chart view. Support is at 1,400.00, 1,380.00, followed by 1,320.00 respectively.

Trading recommendations:

Book partial profits on short positions.

Good luck!

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback