empty
 
 
03.11.2014 04:50 AM
Forecast and trading recommendations on Gold for November 03, 2014

The surprise BOJ's action and the stronger US data pushed the metal prices to a 4 -year low. The yellow metal finally closed below the multi- support monthly trend line. The previous day's close is the last trading day in the month of October. Bears managed to break below the 200Msma and a 1.5-year support trend line. The height of the symmetric triangle is 253.00, it comes to $927.00 levels. As we recommend earlier and on Friday's article as well, we still remain for our targets at $1,150.00,$1,100.00, $1,024.00, $927.00 and $850.00-$800.00. The metal has strong resistance at the broken support trend line above this, $1,188.00 200MSma and $1,212.00 200MEma. The monthly resistance exists at $1,233.00.

This image is no longer relevant

For the weekly view, the metal opened on a bearish note. As of now, today, the prices are unable to breach the previous week's closing price $1,172.30, just made a high at $1,171.10 levels. In Asia's session the metal made a low at $1,161.40, held the previous day's low $1,161.00. We recommend selling below $1,161.00 with new lower targets at $1,157.50 and $1,152.00. In case, if the metal falls below $1,150.00 it can extend its fall towards $1,138.00. We request traders fresh selling below $1,161.00 or selling on up move. The daily and hourly momentum indicators are at oversold levels. For an intraday view, the metal has resistance exists at 1286.00. We recommend risky buying with sl $1,161.00 with targets at $1,168.00 and $1,173.00. This view is only for speculators. On the down side, we recommend selling below $1,160.00 for targets at $1,157.50, $1,155.00, $1,152.00 and $1,150.00 levels.

This image is no longer relevant

Resistance:$1,186.00,$1,201.00$1,212.00

Support:$1,161.00$1,152.00$1,138.00

InstaForex Analyst,
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