empty
 
 
18.06.2019 04:05 PM
Gold price gets rejected at $1,350-60 area once again

Gold price has reached $1,350-55 area but selling pressures are forming a short-term bearish reversal formation while price is now more than 10$ lower from today's highs. Gold price is expected to move lower.

This image is no longer relevant

Green rectangle - support

Red rectangle - first target if support fails to hold

Blue line - major resistance trend line

Black line - short-term resistance trend line broken

Gold price is showing rejection and reversal signs once again from the $1,350-60 resistance area. Gold price is expected to move lower towards $1,330 and if support at $1,320 is broken then we should see prices fall further towards $1,300. Last Friday's daily reversal candle gave us important information about the strong resistance at $1,350-60 and how sellers remain stronger at this level. Today we have confirmation of these information which is a bearish sign for Gold. The recent price action confirms the importance of the $1,350-60 area and breaking above it would be a very bullish sign. Until then risk reward favors bears.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback