empty
 
 
20.09.2012 10:38 AM
Gold Fails At Resistance, Look Lower Now

This image is no longer relevant

 

Technical Outlook and Chart Setups:

We have again presented the 4H chart view for a closer look. As we were discussing yesterday, a failure at resistance of 1775.00 levels have triggered a selloff. At the moment, it would still remain as a retracement of the latest upswing from 1720 to 1775. As depicted above, the short-term trend line support will come at 1750.00 level; and a bounce from there would resume a rally towards 1800 and higher. On the other hand a break here would expose the lined up supports at 1720, 1690 and lower. Aggressive traders can remain short targetting at the moment at 1750.

Trading Recommendations:

Aggressive: short now, stop at 1780, target 1740/50, exit shorts and go long on a bounce at the trend line.

Conservative: flat for now.

 

Good Luck!

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2026
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 $10000 mais!
    Em Janeiro nós sorteamos $10000 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