empty
 
 
02.03.2015 05:16 AM
Technical analysis and trading recommendations on Gold for March 02, 2014

China's demand supported the metal, so it managed to hold the $1,190.00 levels and trade above $1,200.00. Finally, the metal paused its four-week losing streak and gained $10 last week. The weaker US GDP gave enough support to bring back some shines in the price. As we advised earlier, the metal fell below $1,200.00 thrice and managed to close above it. It's a good sign to recover. But as we expected, the metal is unable to close above $1,217.00. Ahead of US ISM manufacturing data, the metal is trading higher at the early Asian session. The parallel resistance is found between $1,222.60 and $1,224.00. Bulls can challenge $1,231.00 and $1,236.00, in case the price closes above $1,224.00. The intraday support is found at $1,210.00. The weekly and daily resistance is set at $1,223.00. In Friday's articles we advised, in case the US GDP print falls short of expectations, there is a chance of an upside price momentum towards $1,217.00 and $1,222.00. Today, the metal touched my targets in line with buying recommendations at $1,212.00. The ECB meeting is called on Tuesday. Yellen's speech is also of high importance. Until the price closes above 1204.00, bulls have an upper hand. The near-term bottom was placed at $1,190.00. A daily close below $1,185.00 leads to $1,170.00, $1,167.00, and $1,150.00.

This image is no longer relevant
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 April 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