empty
 
 
28.07.2015 10:11 AM
Gold technical analysis for July 28, 2015

Gold price tried to break above $1,100 yesterday, but sellers did not let it break above the short-term resistnace at $1,103. The price pulled back towards support of $1,090, and we saw some signs that a bigger bounce could unfold today or tomorrow towards $1,115-20.

This image is no longer relevant

Blue line - trend line resistance

Green lines - equal size rise projection

Gold price continues to trade below the blue trendline resistance and below the Ichimoku cloud. The price is making a small reversal pattern at $1,080. I believe that if we break above $1,103, we could see a bigger bounce towards $1,120.

This image is no longer relevant

Blue line - long-term support trend line

The weekly chart remains bearish. The price is below the tenkan- and kijun-sen indicators and below the Ichimoku cloud.There are some signs of bulls' attampts to push the price higher, but I believe that $1,120 will be a very strong resistance and the price will not be able to break above it. An overall trend remains bearish as long as the price is below $1,150 and the target remains near $1,040-$980.

Summary
Urgency
Analytic
Alexandros Yfantis
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