empty
 
 
25.06.2019 06:47 PM
Gold 06.25.2019 - Upper trendline held successfuly, possible drop

Gold has tested and rejected from our major parallel resistance at the price of $1.436. In my opinion gold is in big extended run and downward correction is very likely to happen in next period. Watch for selling opportunities.

This image is no longer relevant

Blue lines – Pitchfork upward channel

Purple rectangle – Support 1

Red line – Upward most recent trend line

Gold did consolidation for few hours near my upper parallel Pitchfork line (resistance), which is good sign that buyers are exhausted and that drop my come. The level of $1.438 is key resistance for the gold and as long as the Gold is trading below, you should watch for selling opportunities. Stochastic oscillator and RSI showed us bearish divergence, which is another sign that buyers lost momentum. The breakout of the upward tendline (redline) would confirm further downside. Downward target is set at the price of $1.382.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback