empty
 
 
31.08.2015 12:24 PM
Gold analysis for August 31 , 2015

This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, gold has been trading upwards. The price tested the level of $1,140. According to the daily time frame, we can observe a weak demand bar (potential selling coming in). Anyway, we saw weakness in Fridays's price action in the H1 time frame. We got buying climax with wide spread and supply coming in. Watch only for selling opportunities after retracement. Strong support has been seen at the level of $1,117.50. If the price breaks this support level, we will have the second support around $1,111.00. On the background, we can observe a strong sign of weakness (supply came in), which shows that this can be a turning point in the mid-term prospect.

Daily Fibonacci pivot points:

Resistance levels

R1: 1,133.28

R2: 1,134.00

R3: 1,135.00

Support levels:

S1: 1,131.00

S2: 1,130.28

S3: 1,129.20

Trading recommendations: The strong sign of weakness is in the background. Watch only for selling opportunites after retracement.

Petar Jacimovic,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Petar Jacimovic
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