empty
 
 
26.04.2013 03:34 PM
Gold hits first measured target at 1,450.00. 1,520/25 next up

This image is no longer relevant

Technical outlook and chart setups:

The yellow metal is unfolding its counter trend rally, well according to expectations till now. The first measured target at 1,450.00 was hit yesterday. It was recommended to book partial profits at 1,450.00 level and hold on the remaining positions for an upside target towards 1,520/30 levels soon. The metal should be bought at dips towards 1,520/30 from here on. 1,520/30 region is past support turned resistance zone. It is more likely that prices reverse from there towards possible fresh lows, towards 1,290/1,300 or even 1,500.00 in the coming weeks. Resistance is lined up at 1,580/85, 1,620/30, 1,650/60 and higher, while support is fixed at 1,320.00 level, followed by 1,290.00 and 1,500.00 on the weekly charts as discussed earlier. Bottom line: Remain long till 1,520/30 at least.

Trading recommendations:

Hold remaining long positions, stop is at 1,350.00, and target is at 1,520.

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