empty
 
 
04.04.2013 03:30 PM
Gold breaks below 1,550.00. Flat for now

This image is no longer relevant

Technical outlook and chart setups:

A compressed daily chart view has been depicted here for looking into entire consolidation after having been stopped out yesterday at 1,550.00. As seen here, the yellow metal has been locked in a huge trading range between 1,525/30 (line of support) and 1,790/95 (line of resistance). After dislocating all anticipated supports, the metal has now approached, and is trading extremely close to 1,530/40 levels where the line of support is also passing. This is the ultimate make or break scenario for Gold in the coming sessions. A bullish bounce here would be enough proof to again go long for a reversal ahead of 1,530/40 levels. On the flip side, a breakdown now would make a dramatic shift in the trend. It is recommended to remain flat for now, at least for 1-2 trading sessions.

Trading recommendations:

Flat for now. Waiting for bounce or a break.

Good Luck!

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 $1000 lebih banyak!
    Pada Juni kami mengundi $1000 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