empty
 
 
21.07.2014 12:48 AM
Gold wave analysis for July 21, 2014

Gold price has risen from $1,290 to $1,325 as expected. Price has pulled back up towards the 61.8% Fibonacci retracement in a three wave corrective move. Trend remains down. Price was rejected at resistance and we have now formed an important lower top. Price is below Ichimoku cloud and as price makes lower highs and lower lows we confirm trend is down.

This image is no longer relevant

Gold price is now expected to continue its downward move that started at $1,346 where I believe wave E of wave 4 was completed. The first part of the decline was impulsive and the upward correction not. This means that more downside is expected and a lower low from $1,290 should be seen this week. My first target is $1,280-70.

This image is no longer relevant

Gold price is expected to move towards the Ichimoku cloud support near $1,280 and test the important triangle support trend line at $1,270. If this trend line is broken, we will have confirmation that wave E was completed and a new downward move has started that will eventually push Gold price towards $1,000.

Alexandros Yfantis,
Especialista em análise na InstaForex
© 2007-2024
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 $1000 mais!
    Em Junho nós sorteamos $1000 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 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • 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