empty
 
 
24.12.2013 02:04 PM
Gold analysis for December 24, 2013

Nothing much has changed from yesterday in our gold analysis. Volatility is naturally low so prices are lingering around 1б200. The trend in all time frames is downward. Short-term support is found at 1,180 and short-term resistance is found at 1,220.

This image is no longer relevant

As long as prices trade below the red downward sloping trendlines, we expect prices to continue to unfold downwards towards our longer-term target of 1,140. The pattern of lower lows and lower highs continues to unfold and support our bearish view. We prefer short positions with 1,220 stop and the 1,180 first short-term target.

This image is no longer relevant

Any move above 1,205 is expected to challenge our stop at 1,220.So short-term traders could also use that level as stop. The daily chart continues to support our bearish view. We believe that the move from 1,360 is still unfinished and that is why we expect new lows at 1,140.

Alexandros Yfantis,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Alexandros Yfantis
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