empty
 
 
15.01.2013 10:47 AM
Gold uptrend remains intact. Intraday dips are viewed as buying opportunities. 1,645.00 remains best buy.

This image is no longer relevant

Technical outlook and chart setups:

A 4H chart view has been presented here today. As depicted here, the yellow metal has been drifting in a diamond shape, pennant formation since Dec 20, 2012 to date. Furthermore, prices are facing resistance at the sloping downtrend line, shown here. It is a more likely possibility that prices correct towards 1,645/50 levels before finally breaking through the trendline. Initial resistance is at 1,690/95, followed by 1,725.00, and 1,750/53; while support extends through the 1,630.00 level respectively. It is highly recommended to hold long positions taken earlier and look to further add on dips towards 1,650 levels.

Trade recommendations:

Hold on to long positions taken earlier, buy further on intraday dips towards 1,645.00, stop is at 1,600/10, and target remains open.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback