empty
 
 
04.07.2014 10:37 AM
Gold technical analysis for July 4, 2014

Gold price was very volatile yesterday. We saw Gold price pull back towards $1,310 but as we mentioned in yesterday's analysis this was the short-term support level that should hold. Support did not break and Gold is back above $1,320 trying to break above the double top at $1,334.

This image is no longer relevant

The Ichimoku cloud provides strong support for Gold. Gold price has short-term resistance at $1,334 and support at $1,310. Since price is supported we feel it is more probable to see an upward breakout towards $1,350-60. If support fails, then we could see $1,290 being tested.

This image is no longer relevant

Wave E is still under way and and as price is breaking above the Ichimoku cloud in the daily chart, we can expect a short-term blow off towards $1,350-60. Our preferred scenario remains the longer-term bearish and that is why I'm looking for a good sell level and sell setup to arise.

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